WHAT REVISIONS DID THE CFTC PROPOSE & WHY? The CFTC proposed revisions to swaps processing and reporting (Section 21 of the CEA (Commodity Exchange Act). The goals of Dodd-Frank are to make the swaps market transparent, liquid & trackable. The CFTC proposes Identifiers for every swap. ...
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POINT-COUNTERPOINT: THE REPEAL OF DODD-FRANK SECTION 716 Section 716, the "push out" rule, of the Dodd-Frank Act of 2010 was repealed as part of (read as: buried deep into) the budget bill late last year. There seems to be confusion as to what the repeal means....
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WHAT’S THE DIFFERENCE BETWEEN FINANCIAL SERVICE COMPANIES? When I consider the FSOC’s SIFI Designation for non-banks, I'm reminded of two things – the difference between banks & insurance companies, and the joke: “Do you know the difference between an elephant and a dozen eggs?” “No, what’s the difference?” "Well,...
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Interdealer swap broker caught the eye of regulators. Brokers, acting in an agency position in the swaps market are subject to error risk. ...
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