Posts Tagged ‘Financial Regulatory Reform’
Swap Data Repositories (SDRs): Most Complex, Challenging Component of Dodd-Frank
I had the honor of participating at the joint CFTC/SEC public round table today on the topic of the Swap Data Repository (SDR). The session, which can be found at www.cftc.gov, covered a wide range of topics ranging from data standardization to confirmation workflow to reporting requirements to governance issues.
Read MoreEasy Part Was Passing Financial Reform: Devil In The Details of Rule Making
As the President gets his many pens ready to sign the historic Dodd-Frank bill into law amidst the smiles and flash bulbs of the cameras, it will be a different story at the CFTC and SEC where the hard work is just beginning. It will be primarily up to these two regulators to enact arguably…
Read MoreWill Europe Follow The Dodd-Frank Bill on OTC Derivative Reform? Comment Period Closes This Week
While the Democrats in the U.S. Senate missed their July 4 goal to get enough votes needed to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act, the clock is ticking for companies to comment to the European Commission ‘s Public Consultation on the Derivatives and Market Infrastructures. The deadline ends July 10 and…
Read MoreLatest Uproar With the Dodd-Frank Bill: Does The CFTC Want To Manage Margin Calls for Uncleared Trades?
Today’s Wall Street Journal Article: Late Change Sparks Outcry Over Finance-Overhaul Bill focuses on language struck at the last minute that has end-users fearing that at the end of the day they will have to post margin, despite the intent to allow them the option not to clear trades. My interpretation is that the instrument…
Read MoreDodd-Frank Wall Street Reform Act: Into the Hands of the CFTC and Regulators
After a marathon conference session between the House and Senate last week, the reconciled bill is up for vote this week. The derivatives piece of the legislation continued to be the most contentious part of the bill, and for end users there were some interesting changes from proposals set forth by Chairman Lincoln from the…
Read MoreForcing Banks to Spin off Swap Subsidiaries Will Hurt Liquidity & Goes Against Main Concepts of OTC Derivative Reform
The Senate proposal to spin-off derivative dealing desks from banks will be decided upon as we enter the final stretch of the long roadmap to complete the financial reform overhaul in the US.
Read MoreEchoes Across the Pond: The European Commission’s Path to OTC Reform and Global Harmonization
Last week, the U.S. House of Representatives passed historic financial regulatory reform legislation, which included an overhaul of the OTC derivatives market that is sure to have a ripple effect through the Senate and, if global harmonization is to occur, across the pond in Europe. Globally, all eyes are on how end-users will ultimately fare…
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