Articles tagged with: CFTC
Under H.R. 677, the CFTC loses its jurisdiction over inter-affiliate swaps, which are defined so loosely that, according to AFR’s Marcus Stanley, “the affiliates don’t even need to share majority ownership… That’s a big, whopping exemption.”
AFR sent a letter to members of Congress expressing strong support for President Obama’s proposal in the 2014 budget to increase funding for the CFTC.
The Commodity Futures Trading Commission has decided to exempt so-called inter-affiliate swaps deals from its Dodd-Frank-mandated derivatives rules.
Public Citizen and Americans for Financial Reform today delivered petitions signed by more than 17,000 people calling on the CFTC to stand firm in applying derivative standards to all the dealings of U.S. banks and their overseas subsidiaries.
AFR sent a letter to member of Congress urging them to support full funding for the CFTC. Funding the CFTC is vitally important to enabling it to do its job: protecting the US and global economy through effective oversight of some of the most critical and central areas of our financial markets.