Industry welcomes CFTC move to delay Dodd-Frank implementation
The Commodity Futures Trading Commission has extended the implementation date for many Dodd-Frank Act Title VII requirements until December 31. But regulators and dealers say the extension is not long enough. By Peter Madigan
This was meant to be a monumental month for the US derivatives market. A year on from the passing of the Dodd-Frank Act, many of its provisions were supposed to come into force, thrusting the industry towards central clearing, electronic trading and public reporting. That’s now not going to happen. Having struggled to get through the mountain of rule-making demanded of them by the Dodd-Frank legislation, the Commodity Futures Trading Commission (CFTC) finally admitted in June what many in the
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