CME Group forges forward to the past, as it unwinds most of a controversial extension in grain trading hours. Goldman Sachs appears to have found a way to handily circumvent the Volcker rule for doing buyouts. Over in London, the FSA releases a report on its behavior with regard to the LIBOR scandal, and concludes that it didn’t move particularly fast to identify and stop the trouble… which, in a way, is better than hearing, “Oh sure, we all knew about that for years; we just didn’t think anybody else really cared about it.”

U.S. legislators have introduced a bill granting, among other things, power to the executive branch of government to micromanage details of the SEC’s activity. Hong Kong Exchange says “pish” to the notion that a downturn in commodity prices overall will cause trouble for its new acquisition, the London Metal Exchange. The UK’s FSA reaches out to Nasdaq for new software to help monitor and regulate high-frequency trading.

BSE in India plans an IPO in the coming months, as newer competitors open their doors. In England, the FSA concludes a four-month look at high frequency trading and considers new rules to define that sector. A European reform agency has taken a look at the state of LIBOR in recent weeks, and believes that replacing it with repo market alternatives would be a mistake. If your company is looking for good people to hire, consider posting your job on the MarketsWiki Job Postings page. There’s no cost to list the openings there, and it’s a popular page with the site’s users.

More of Barclays’ partners in Libor crime come to light, and the head of RBS says he expects the bank to pay a hefty fine (given what happened to Barclays, that may be a statement of optimism and hope). Ever since Britain’s FSA declared its intention to spot-check internal corporate vigilance, the number of suspicious trade reports filed by companies with the FSA has doubled. France is set to start its new financial transaction tax on Wednesday, and reactions to the idea are decidedly not all favorable.

Robert Pickel, CEO of the International Swaps and Derivatives Association (ISDA), sat down with John Lothian News Editor-in-Chief Jim Kharouf to talk about regulatory reforms, swap rules recently passed by the CFTC, the cost of regulation and the global picture for OTC derivatives.

The London Stock Exchange buys the rest of FTSE from Pearson.  Brokerage houses like Goldman and Cantor plan wholesale execution services for retail brokerage businesses.  In the UK, an FSA report on the failure of Royal Bank of Scotland criticizes management and the FSA, and calls for ways to take action against wrongdoers.  On Friday, the “suspicious trades” flag went up over at MF Global Forensic Investigations, and much review and dissection is given to Jon Corzine’s performance before Congress.  And in the investment world, the SEC grabbed hold of Harbinger Capital’s other leg with a Wells notice, indicating that it may be preparing to sue the company.

Nasdaq OMX announces plans to start up a London-based derivatives platform, and nabs social media listings in the U.S. The SEC considers softening its stance on requiring large amounts of confidential data from hedge funds.  Banks pledge to be ethical in the future, and UBS and Credit Suisse (both of which are banks) are fined millions by FINRA and the FSA respectively.  The top box of the newsletter features JLN interviews with Keizo Goto of the Financial Futures Association of Japan; Alice Botis of Fidessa; and Lauren Teigland-Hunt of Teigland-Hunt LLP.  Sovereign “Hot Potato”, FX commentary by Doug Ashburn, rounds out the section.