July 15, 2011 This report updates on progress by the Financial Stability Board (FSB) Secretariat and International Monetary Fund (IMF) staff in implementing the 20 recommendations in the report The Financial Crisis and Information Gaps endorsed by the Group of Twenty (G-20) Finance Ministers and Central Bank Governors in November 2009. Since the last progress report a year ago, consultations with national authorities revealed broad agreement with, and a positive view of, the G-20 Data Gaps Initiative, with better identification of the build-up of risks in the financial sector and financial

Financial Services Authority July 14, 2011 In August 2010, the FSA published " The prudential regime for trading activities: a fundamental review". This presented a detailed discussion of the issues that the FSA believed should form part of the Fundamental Review which continues to be developed internationally by the Basel Committee on Banking Supervision (BCBS). The purpose of the paper was to stimulate debate, and to generate feedback that could inform the international discussions on the Fundamental Review at the BCBS through the FSA's involvement in that forum. The FSA received 13

76 FR 41048 July 13, 2011 The final rulemaking adopts a definition of the term agricultural commodity, CFTC Rule 1.3(zz), which is necessary for, among other things, the Commission's agricultural swaps rulemaking and the Commission's agricultural commodity speculative position limit rule. The proposed definition includes four categories: 1) The enumerated commodities listed in section 1a of the Act, including such things as wheat, cotton, corn, the soybean complex, livestock, etc.; 2) A general operational definition that covers: "All other commodities that are, or once were, or are derived

Open Meeting on Four Final Rule Proposals and One Proposed Rule under the Dodd-Frank Act CFTC Press Release 6070-11 July 12, 2011 The CFTC will hold a public meeting on July 19, 2011 to consider four final rules and one proposed rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Commission will consider the following topics: - Consideration of Proposed Rule on Customer Clearing Documentation, Timing of Acceptance for Clearing and Clearing Member Risk Management; - Consideration of Final Rule on Process for Review of Swaps for Mandatory Clearing; - Consideration of

"Caging the Financial Cheetahs" July 12, 2011 CFTC Commissioner Bart Chilton continues his campaign against "massive passives," "cheetah traders" (for which he calls for registration and accreditation), and speculators in the oil markets. Cross References Dodd-Frank Act, Title VII