Archive for CFTC SmartBlogs
Since virtually the day the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted, some policymakers and market participants have been working to see elements of the law changed or the entire legislation repealed. Those constituencies have been forced to adjust their tactics in recent months because of unique political winds swirling around the issue of major financial institutions being seen as “too big to fail.”
Lawmakers on both sides of the aisle have voiced their concerns that Dodd-Frank does not do enough to remedy what they see as the threat posed by some of the nation’s largest financial institutions.[…] Continue Reading »
The U.S. is on the right track with the Financial Accounting Standards Board’s expected-loss model, Tim Bush of Pensions and Investment Research Consultants writes in Financial News: “It is time for the [International Accounting Standards Board] to match the lead taken by the US and deliver accounting rules which help, not hinder, the accurate reflection of the recoverable amount of loans.[…] Continue Reading »
Panelists tasked with dissecting the impact of the Dodd-Frank Act at the Futures & Options Expo touched on topics including position limits, margins, swaps dealers and clearing, but the one topic that kept creeping back into the conversation was regulatory arbitrage.
Regulatory arbitrage has long been on the minds of market participants worried that liquidity would shift to countries with the lightest regulatory regime.[…] Continue Reading »
CFTC Commissioner Bart Chilton is never shy about offering his insight on financial markets and regulation. The commissioner was very forth-coming with his opinions during this exclusive interview on the sidelines of this week’s 36th Annual International Futures Industry Conference.
What is your reaction to the talk on Capitol Hill surrounding the budget for the CFTC?
I think that those who are trying to reduce funding for the CFTC or not increase it to the levels that the president has proposed are also some of the very same individuals who voted against financial reform when it passed last July.[…] Continue Reading »
During the 36th Annual International Futures Industry Conference this week, Commodity Futures Trading Commissioner Michael Dunn was asked a handful of questions about the Dodd-Frank rule-making process.
On concerns that regulatory compliance will be too difficult and expensive…
This industry is so nimble and so innovative. For every person who says ‘We can’t do that,’ I get two groups that say ‘We’ll figure it out.[…] Continue Reading »