AFR in the News: Regulatory Exemption for Swaps Deals Between Bank Affiliates
The Commodity Futures Trading Commission has decided to exempt so-called inter-affiliate swaps deals from its Dodd-Frank-mandated derivatives rules.
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AFR in the News: Regulators Closer to Supervising Nonbank Financial Companies
“[I]t has taken federal regulators nearly three years since the passage of Dodd-Frank… to define which nonbank companies, if they were to fail, could threaten the integrity of the country’s financial system.”
Municipal Finance: Preventing Exploitation of Taxpayers and the Public
Congress and the SEC need to stand firm in supporting the common-sense principle that all those providing financial advice to municipalities must put the best interests of taxpayers first.
Municipal Finance: Preventing Exploitation of Taxpayers and the Public
AFR Teleconference on the Path Forward for Municipal Finance Reform March 4, 2013 Participants: Marcus Stanley – Policy Director, Americans for Financial Reform Nathan R. Howard – Chief Counsel, National Association of Independent Public Financial Advisors (NAIPFA) Lisa Lindsley – Director, Capital Strategies, American Federation
AFR in the News: Pressing the Case for Derivatives Reform
The Agriculture Committee’s bills would “enable public bailouts of swaps dealers, weaken the ability of regulators to control derivatives trading in overseas subsidiaries of Wall Street banks and establish a blanket exemption for derivatives transactions among the thousands of subsidiaries of global banks.”
AFR in the News: Advocates and Independent Advisors Stand Up for Fiduciary Duty
The Bond Buyer reports on resistance to House legislation that would “let big banks and swap dealers escape Dodd-Frank’s fiduciary duty provision,” relieving them of any duty to “put clients’ interests ahead of their own.”
AFR in the News: Don’t Call Us Systemically Important, Says MetLife
MetLife CEO Steve Kandarian warns of dire consequences if large insurance companies are designated systemically important and deserving of special oversight. Such a move, he said, “could disrupt an entire industry just as the economy is regaining its footing.”
AFR Press Advisory: Municipal Finance – Preventing Exploitation of Taxpayers And The Public
Audio recording of this tele-conference available by calling (605) 562-3099. Reference (call) #6. Enter Access Code 815383#.
Teleconference: “Futurization” and the Coming Transformation of the Swaps Market
Listen to teleconference The derivatives provisions of the Dodd-Frank Act were a crucial element of financial reform, promising to bring serious oversight to the unregulated “shadow banking” markets that helped crash the world economy. Two and a half years later, after much inside-the-beltway debate over
Cross-Border Exemption = Backdoor Repeal
A tele-press conference on the cross-border application of Dodd-Frank derivatives reforms. PARTICIPANTS: Michael Greenberger, Professor, University of Maryland Francis King Carey School of Law; former Director of Trading and Markets for the Commodity Futures Trading Commission Wallace Turbeville, Senior Fellow at Demos; former Vice President