CME Group says that its European clearing operations have in the past month already processed transactions equivalent to half of last year’s volume. US regulators, noting recent breakdowns in the technology powering domestic exchanges, consider taking a closer look at tech requirements.  Britain releases the biggest bank regulation redo in over a decade.

John Walsh of the OCC says that current regulation proposals to fix derivatives far exceed the scope of the problems.  Hedge funds, having loaded up on Greek debt, are trying now to unload the paper to avoid a bad haircut but are finding few takers. The SEC is stalled in the process of creating rules to require broker fiduciary duty to clients.  The FIA establishes a post-MF Global problem-fixing task force, with super-sized companies appointed to steer the effort.  In today’s top box, commentary from Doug Ashburn on the state of the Swiss Franc; and a lighter view of a hefty award delivered to the CME Group.

NYSE Euronext is considering a plan to add more equity partners to its Amex stock exchange.  Studies, news and books are pointing out that returns from private equity organizations have done a great job of rewarding the PE managers, but not so much the investors. Japan’s OSE slows down plans to release a new futures contract; bad news for an exchange that is seeing dwindling volume.

John Lothian News announces the launch of the FuturesCrowd.com website, a new venue to help gather problem solvers to address critical issues within the futures industry.  Neal Wolkoff says farewell to ELX Futures, and Richard Jaycobs is tapped to lead the exchange. Throughout the financial industry, as regulators struggle to quantify and complete new rules, exchanges, brokers and other participants struggle to understand how to track and implement the constant stream of changes.