U.S. and European exchange officials Monday said they supported Congress issuing a mandate for central clearing to increase transparency and reduce counterparty risk in credit default swaps (CDS), a form of insurance against the default of debt securities, which have contributed to much of the tumult in the credit markets. U.S. exchanges say they are ready or near ready to proceed with clearing of certain CDS transactions now.
<p><span>Deutsche Börse and the securities trading banks (</span><a href="https://www.xetra.com/xetra-en/trading/trading-venue-boerse-frankfurt/specialists">specialists</a><span>) operating on the Frankfurt trading floor will donate the transaction and trading fees collected through the trading venue Börse Frankfurt next Friday, 4 March, to a charitable organization.</span></p>
The state of Colorado wants all large businesses in the metro Denver area to track what their employees do before and after work when it comes to commuting.
It wants those employers to “increase parking charges” for gas-powered vehicles, appoint an “Employee Transportation Coordinator” to administer programs that reduce “single occupied vehicle” commutes and offer fully or partially subsidized public transportation passes – even if the business is no where near any.
And it wants those plans from 2,764 businesses with some 900,000 employees – which could cost anywhere from $7,200-$811,643 annually to implement – by Jan. 1, 2022, according to state records.
By MARIANNE GOODLAND
marianne.goodland@coloradopolitics.com
Proposed new rules to curb Colorado commuters rile businesses denvergazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from denvergazette.com Daily Mail and Mail on Sunday newspapers.