HM Treasury On 26 January 2011, the UK government announced a package of measures to enhance consumer protection in the mortgage market. These measures will: (i) transfer the regulation of new and existing second charge residential mortgages from the Office of Fair Trading to the Financial Services Authority; (ii) ensure consumer protections are maintained when a mortgage book is sold by a mortgage lender to an unregulated firm; and (iii) extend the current regulation of the sale and rent back market to all providers, to ensure appropriate protection for consumers. The statutory instruments

News Article The CFTC should voluntarily follow President Barack Obama's effort to streamline regulations as it sets new rules on the $583 trillion swaps market, two top House Republicans said. The "wide-ranging impact" of Dodd-Frank's derivatives measures "warrants a commitment to uphold the same standard of review that the president has set for other federal agencies." Publication Bloomberg Date January 27, 2011 Cross References Dodd-Frank Act, Title VII

News Article Trading in the US swaps market will be concentrated in about 10 trading venues, according to a senior regulator, as the high cost of complying with tough new reporting rules limits potential entrants. The estimate by CFTC Commissioner Scott O'Malia is lower than previous ones. Mr . O'Malia said swaps trading venues needed the resources to comply with rules aimed at boosting derivatives transparency. He said too many trading venues in the swaps market might lead to a "fractured market", and this could create liquidity problems. Meanwhile, investors and dealers are concerned that

European Parliament On 26 January 2011 the European Parliament's Committee on Economic and Monetary Affairs published amendments to the Draft Report on credit rating agencies - future perspectives. Date January 20, 2011

CFTC Speeches CFTC Commissioner Brad Chilton, in remarks delivered at the Institutional Investor TraderForum calls for regulators to consider whether there should be limits on advanced analytic trading and imposition of legal responsibility on high frequency and algo robot trading that roils markets and causes concerns and obstacles for traditional traders. "I think those who instigate runaway high frequency or algo robot trades should be held accountable when they hurt other market participants or injure consumers." Chilton also advocates imposing "reasonable fees" upon the industry if the