Commissioner presses to speed up Dodd-Frank rule-making
CFTC continues derivatives reform rule-making, staff and commissioners concerned about timetable and resources
Commissioners at the Commodity Futures Trading Commission (CFTC) yesterday repeated concerns about the order of the Dodd-Frank rule-making process, with commissioner Scott O’Malia calling for definitions for key terms such as end user, swap dealer and major swap participant to be proposed sooner than scheduled.
O’Malia said at the latest rule-making meeting held by the CFTC yesterday that “each rule that passes without [these definitions] creates more confusion”.
At several points during the more
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