BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
FOLLOW US
Gensler, CFTC Again Delay New Derivatives Rules
September 9, 2011
The CFTC will further delay a set of new rules for the $600tn derivatives market, another setback for the sweeping overhaul passed in the aftermath of the financial crisis. Chairman Gary Gensler announced on Thursday plans to wrap up the agency’s rule-writing in the first few months of 2012.
The agency said in June that it would miss deadlines to finalize dozens of new derivatives rules, though the holdup was only supposed to last until the end of this year, a roughly six-month delay.
Gensler, for the first time, outlined a formal timeline for many rules stemming from the Dodd-Frank Act. He cautioned, however, that the timing was tentative. The agency’s Republican commissioners, who have long called for Mr. Gensler to both slow down and disclose a rule-making timetable, praised the announcement.
Next up on the agenda are final rules for derivatives clearinghouses and limits on speculative commodity trading. Bart Chilton, a Democratic commissioner and a leading proponent of so-called position limits, responded with an elated “boo-yah.”
The agency is drafting a formal order that would exempt the derivatives industry from complying with Dodd-Frank until the rules are finalized. The agency also proposed a plan to phase in compliance. Under the proposal, advanced in a 4-to-1 vote, Wall Street banks will have a three-month grace period before they must run derivatives deals through clearinghouses, which act as a backstop in case one party defaults. Hedge funds, pensions and other private funds will have six months to comply once the agency finalizes the clearing requirement. [DealBook, 9/8/11] Related Stories: Archive
-
Legal Funding Firm Accused of Scamming 9/11 Heroes, NFL Retirees
February 8, 2017 -
Elizabeth Warren, Wall Street Pariah, Now Has Lost Her Left-Wing Following
January 19, 2017 -
What We Know and Don’t Know About the Trump-Russia Dossier
January 11, 2017