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.
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.
AFR sent a letter to the CFTC Commissioners in support of robust price competition and transparency requirements for Swaps Execution Facilities (SEFs).
Tell Washington to stand firm against Wall Street’s latest strategy of evasion.
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
Two and a half years after passage of the Dodd-Frank Act, two-thirds of its mandated rules have yet to be issued, and more than a hundred of its deadlines have been missed, writes Mark Gongloff of the Huffington Post. “Meanwhile, no banker has yet gone
In a statement submitted to the House Agriculture Committee, AFR explains why U.S. oversight agencies must regulate international derivatives transactions in order to protect the U.S. economy.
“What alarms me most,” says MIT’s John Parsons, “is the narrow scope of the questions that the Staff posed, even had they bothered to do a thorough analysis of those questions.”
In a joint letter, AFR urges the SEC and CFTC not to exempt this common type of financial guarantee, which closely resembles a swap, from new derivatives rules.