The Club No-one Wants to Join: Swap Dealer Rules Remain Unclear

Jun 01, 2012

In regards to the new Dodd-Frank regulations for major swap participants, partner Steven Lofchie stated, " This is one of the most ill-conceived regulations in Dodd-Frank, because it applies capital regulation and sales practice responsibilities toward the counterparties of buy-side firms, such as pension plans. Most US pension plans are underfunded, so how exactly are they supposed to abide by capital regulation? ... I think the regulators realised these proposals are unworkable and as such, they have drafted regulations that would capture almost nobody as a major swap participant."

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ACI Summit on Controlled Substances: Regulation, Litigation and Enforcement

Jodi Avergun is speaking at this ACI event on January 30 in Washington, DC.

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