Volcker rule still months away as CFTC prepares latest Dodd-Frank proposals
Prop trading ban delayed by inter-agency discussions and implementation challenges
Securities lawyers fear the US is still months away from clarity on the planned proprietary trading ban, as the Commodity Futures Trading Commission (CFTC) prepares for its next round of Dodd-Frank Act rule-making.
April 27 will see the fourteenth open meeting of the Commission to put forward detailed rules on product definitions such as 'swap' and 'mixed swap' under the Dodd-Frank Act, as well as prospective capital requirements for swap dealers and major swap participants that are not subject
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