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SEC set to tackle derivatives regulations 

November 12, 2014
Mike Kentz, IFR Asia

The SEC is finally set to move forward with finalising derivatives rules connected to Dodd-Frank, according to Chair Mary Jo White. White said at the SIFMA Annual Conference on Monday that the agency may consider trade reporting rules before year-end.

If the agency follows through, it would be its first implementation of a Dodd-Frank derivatives rule – four-and-a-half years after the law was finalised.

“[Derivatives rules] are – along with executive compensation rules – the areas that we know we have to finish and are very focused on this year and into next year – we’ve made progress on a number of them and may consider some of them [at the Commission level] before the end of this year,” said White during a panel at SIFMA’s Annual Meeting in New York Monday.

The agency has been lagging behind the CFTC – its counterpart in implementing Dodd-Frank rules for derivative markets – by several years. Some believe the slow and steady approach has been more efficient, as the CFTC has been forced to retread several of its rules. Others, however, are frustrated by the uncertainty that the SEC’s tempo has created.

Read more: IFR Asia

 
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