CFTC takes red pen to swaps rules, but don’t call it a rollback
Lawyers and ex-regs say agency is fine-tuning and clarifying regulations, not eliminating them
Acting Commodity Futures Trading Commission chair Caroline Pham has been using her time in the corner office to do some editing of the agency’s rulebook.
The changes include repealing, withdrawing and consolidating no-action letters, guidance, staff advisories and relief issued since 2012.
But lawyers and former regulators hesitate to call it a deregulatory push, saying that in a number of cases, rules made in the wake of the 2008 global financial crisis have simply become irrelevant.
It became
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