The U.S. Commodity Futures Trading Commission, already fighting lawsuits challenging the economic basis for two rules, may release a proposal for cross-border derivatives oversight that won't require analysis of its costs.
The CFTC is preparing so-called interpretive guidance on the international reach of Dodd-Frank Act rules that may be proposed at a June 21 meeting, according to two people who requested anonymity because the schedule isn't public.
Releasing guidelines rather than proposing rules to govern trading at banks including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley would mean the agency doesn't have to do cost-benefit analysis. Financial-industry lawsuits alleging flawed analysis have slowed Dodd-Frank rulemaking.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
