U.S. Regulators on Friday Unveiled a series of Proposed Governance Rules for Derivatives clearinghouses and trading platforms That are Designed to Reduce Conflicts as well as bolster Their Financial Resources and protect the market in the event of a crisis.
The Proposals by the Commodity Futures Trading Commission Would Be The first major step by the agency Toward Regulating the opaque $ 615 trillion over-the-Counter Derivatives Market.
The Measures are part of the New Broad Powers bestowed to the CFTC in the Dodd-Frank Act, named for its authors ITS. Chris Dodd (D. Conn.) And Rep.. Barney Frank (D., Mass.).. That Aims law ...
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