SEC, CFTC to Hold Swaps Implementation Event

O’Malia says the CFTC should create a process that will give the public a formal chance to comment before it and the SEC begins considering final rules.

“Once we receive and review comments, a final rulemaking and implementation schedule should be published in the Federal Register,” O’Malia says. “This level of transparency will give the market a clear picture of how the [CFTC] intends to proceed, and how we can be held accountable as we undertake this massive regulatory overhaul. It will also provide the market with certainty market participants need to make the critical investment decisions necessary to be in compliance with the rules upon implementation.”

- Allison Bell

Other swaps coverage from National Underwriter Life & Health:

• New York Fed to AIG: We Have Other Bidders
• Pension Groups Meet with CFTC
• Wall Street s Golden Goose
• Dodd-Frank Swaps: Some Roads Lead to the CFTC
• Dodd-Frank Swaps: Insurers Eye Substantial Position Definition