The U.S. Commodity Futures Trading Commission (CFTC) earlier this month held a video conference that included representatives from the American Council of Life Insurers (ACLI) and 8 large life insurers.
CFTC Chairman Gary Gensler and other participants met through a video conference April 13 to talk about topics such as product definitions to be used in implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, inter-affiliate trades, block trades, and implementation of Dodd-Frank Act final rules.
The CFTC included the video conference in an external meetings list.
The ACLI is praising CFTC officials’ efforts to get interest group views on Dodd-Frank implementation.
The life industry meeting “was constructive and cordial; an example of good government regulation at its best,” ACLI spokesman Steven Brostoff says in a statement.
The video conference took place as the CFTC and the U.S. Securities and Exchange Commission (SEC) were considering proposed definitions of terms such as “swap” and “security-based swap” to be used in swaps regulation provisions of the Dodd-Frank Act.
The agencies have proposed broad definitions that would include many types of arrangements with terms that depend on the occurrence, nonoccurrence or partial occurrence of future events with