Name: Pro-Reform Reconsideration of the CFTC Swaps Trading Rules: Return to Dodd-Frank (en Inglés)
Price: 18340.00 CLP
Availability: InStock
Author: U. S. Commodity Futures Trading Commissi
ISBN: 9781508848585

portada Pro-Reform Reconsideration of the CFTC Swaps Trading Rules: Return to Dodd-Frank (en Inglés)

Formato

Libro Físico

Autor

U. S. Commodity Futures Trading Commissi

Editorial

Createspace Independent Publishing Platform

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

27.9 x 21.6 x 0.5 cm

Peso

0.23 kg.

ISBN13

9781508848585

Categorías

Economía internacional

Pro-Reform Reconsideration of the CFTC Swaps Trading Rules: Return to Dodd-Frank (en Inglés)

U. S. Commodity Futures Trading Commissi (Autor) · Createspace Independent Publishing Platform · Tapa Blanda

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Reseña del libro "Pro-Reform Reconsideration of the CFTC Swaps Trading Rules: Return to Dodd-Frank (en Inglés)"

This White Paper is written by Commodity Futures Trading Commission (CFTC or Commission) Commissioner J. Christopher Giancarlo, a public supporter of the swaps market reforms passed by Congress in Title VII of the Dodd-Frank Act, namely clearing swaps through central counterparties, reporting swaps to trade repositories and executing swaps transactions on regulated trading platforms. The author supports the CFTC's implementation of the first two reforms, but is critical of the CFTC's implementation of the third, as explained in this White Paper. This paper (a) analyzes flaws in the CFTC's implementation of its swaps trading regulatory framework under Title VII of the Dodd-Frank Act and (b) proposes a more effective alternative. This paper begins with a broad overview of the complex structure of the global swaps market. It then reviews the clear legislative provisions of Title VII of the Dodd-Frank Act. Next, it reviews in detail the Commission's flawed implementation of the Dodd-Frank Act's swaps trading provisions. This paper asserts that there is a fundamental mismatch between the CFTC's swaps trading regulatory framework and the distinct liquidity and trading dynamics of the global swaps market. It explains that the Commission's framework is highly over-engineered, disproportionately modeled on the U.S. futures market and biased against both human discretion and technological innovation. As such, the CFTC's framework does not accord with the letter or spirit of the Dodd-Frank Act.