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."
The Bank of England has initiated a review of its own exposure to LIBOR,
Scott Cammarn, Jonathan Watkins, Mark Chorazak, Aaron Lang
On 7 June 2019, Regulation (EU) 2019/876 (CRR II) was published in the Official Journal of the EU.