Posts from Steve Quinlivan

CFTC Issues Proposed Rules on Reporting, Recordkeeping, and Daily Trading Records Requirements for Swap Dealers and Major Swap Participants


Section 731 of the Dodd-Frank Act amends the Commodity Exchange Act, or CEA, by inserting Sections 4s(f) and 4s(g), which establish reporting, recordkeeping, and daily trading records requirements for swap dealers and major swap participants.  Section 4s(f)(1) requires swap dealers and major swap participants to “make such reports as are... Read More

Topics: Banking, Derivatives, Energy

Fed Releases Data on Efforts to Stabilize Markets


The Federal Reserve Board has posted detailed information on its public website about more than 21,000 individual credit and other transactions conducted to stabilize markets during the recent financial crisis, restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath... Read More

Topics: Banking

SEC Proposes Rules Regarding Eligibility of Investment Advisers to Register With the SEC


Title IV of the Dodd-Frank Act includes many of the amendments to the Investment Advisers Act implemented by the Dodd-Frank Act.   These amendments include provisions that reallocate responsibility for oversight of investment advisers by delegating generally to the states responsibility over certain mid-sized advisers, i.e., those that have between $25... Read More

Topics: Banking, Broker-Dealer, Investment Advisers, Private Equity

CFTC Proposes Rule on Protection of Collateral of Counterparties to Uncleared Swaps


The CFTC has issued a proposed rule concerning the rights of counterparties of swap dealers (“SDs”) and major swap participants (“MSPs”) with respect to the segregation of collateral supplied for margining, guaranteeing, or securing uncleared swaps. Under the proposed rule: – An SD or MSP must notify each counterparty at... Read More

Topics: Banking, Derivatives, Energy, Insurance, Uncategorized

CFTC to Propose Definitions of “Swap Dealer” and “Major Swap Participant” on Dec 1


The Commodity Futures Trading Commission, or CFTC, will hold a public meeting on Wednesday, December 1, 2010, to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics: Further definition of “swap dealer,” “security-based swap dealer,” “major swap participant” and... Read More

Topics: Banking, Broker-Dealer, Derivatives, Energy, Insurance