Posts Tagged ‘Senator Dodd’
Easy 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 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 MoreIn OTC Derivative Reform Update: Dodd II
After a lull in financial markets reform activity, Senator Dodd’s amended draft was announced to much fanfare on March 15. Unfortunately, after attempts to come out with a bi-partisan bill, Dodd decided to go out without full support from ranking Senate Banking committee members. Interestingly, the OTC derivative reform component is still being left to…
Read MoreShifting the Balance of Power in the Senate: What is the Impact to the Financial Reform?
The surprise Republican victory of Massachusetts Senator Scott Brown gives the GOP 41 votes and changes the game on Capitol Hill, as the Democrats have lost their super majority in the Senate. All eyes are focused now on how this news may delay or torpedo Healthcare reform, with the consensus that financial reform will move…
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