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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."
Jason Schwartz, Gregg Jubin
Joel Mitnick, Monica Martin, Douglas Gansler
Jason Halper, Nathan Bull, Jared Stanisci, Sara Bussiere, Audrey Curtis
