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    • Regulations put Country markets under threat. November 16, 2017
      Local markets are under threat from new food-safety regulations.
      Elijah Hill
    • Highway gates to aid emergency traffic flow November 16, 2017
      Emergency gates are being erected on State Highway 2 to help cope with potential disasters. The gates, between Ngauranga and Petone cost approximately $500,000 and took six months to design and construct. They’re designed to pivot, allowing traffic access to both sides of the road in event of an emergency. Transport system manager for the […]
      Elijah Hill
    • Getting to know your community hub November 16, 2017
      There’s concern Wellingtonians are not aware of new civil defence procedures. The Wellington Region Emergency Management Office is holding community briefings to explain the role of the new community hubs in an emergency. Emergency Management Advisor Ashleigh Brown says it is vital that communities come together to help each other. Emergency Community Hubs u […]
      Aimee Eastwood
    • Apartment dwellers told to prepare for tsunami November 16, 2017
      One year after the Kaikoura earthquake brought the capital to a standstill, Wellington City Council is reminding residents to be prepared for all disasters including tsunamis. The anniversary was marked with a tsunami walk out, where businesses, schools and residents were encouraged to get acquainted with their escape route to higher ground. Councillor Nicol […]
      Aimee Eastwood
    • Sustainability celebrated in the capital November 16, 2017
      Wellington's leaders in sustainability came together last night to share their organisation initiatives.
      Bronte Wilson
    • Walkout marks first quake anniversary November 16, 2017
      Bronte Wilson
    • Playwright draws on personal experience in new work November 16, 2017
      A personal experience of racism is the inspiration behind a new cabaret,  Christ (Church) Almighty. Victor Rodgers, a well known playwright and occasional Shortland Street actor, was in Wellington on Saturday, talking about his most recent work. The piece was inspired by an incident which saw him verbally attacked  for speaking Te Reo Maori by […]
      Aimee Eastwood
    • Petition reminds government of election promise November 14, 2017
      A 70,000 signature petition reminding the government to deliver on its promise to clean up New Zealand rivers, has been presented.
      Blair Mockett
    • Youth councillors have say in shaping city November 14, 2017
      Bronte Wilson
    • Wellington motorcycle parking under review November 14, 2017
      Council refutes claim saying motorcycles aren’t welcome in the city.
      Bronte Wilson

Geithner wants OTC derivatives traded on exchanges

A story from the Oil & Gas Financial Journal about U.S. Treasury Secretary Timothy Geithner talking about greater reglation for over-the-counter derivatives (OTC).

OTC derivatives are a type of contract used on the commodity exhange. They are privately negotiated and traded directly between two parties, without going through an exchange or other intermediary. CLICK HERE to read more about OTC derivatives.

Geithner says the Obama administration would like all standardised derivative contracts cleared through well-regulated central counterparties and executed either on regulated exchanges or regulated electronic trading systems.

Geithner says the reforms should not limit businesses’ efforts to manage financial risk (hedge):

“We want to preserve their capacity to participate in bilateral transactions as hedges as we increase overall protection for investors,” Geithner told a joint hearing of the U.S. House Agriculture and Financial Services Committees. READ HERE.

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