Regulators industry cozy up at conferences
Laura Hautala (Politico)
July 10, 2011
―Want to talk to a Dodd-Frank rule writer? Try Las Vegas. Traveling to glitzy locales to meet with regulators responsible for ironing out the details of the new financial regulation law has been a tactic for bankers and traders hoping to persuade regulators to keep bank capital requirements low, to lessen position limits on trading derivatives and to shield commodity-buying businesses from new swap rules — the next targets on the banking industry‘s hit list. … “The sheer number of opportunities and the sheer level of outreach that can be funded by the industry can lead to a situation where the regulators spend most of the time paying attention to input of the regulated industries,” said Marcus Stanley from Americans for Financial Reform. Click here for more.