September 17, 2010
By Anna Raff
CFTC Chairman Gary Gensler broadly outlined the agency's plan of action in implementing provisions of the Dodd-Frank financial-regulatory overhaul law enacted in July, and for the first time gave estimates on exactly how many firms could be affected by changes to the $615 trillion swaps market.
These privately negotiated deals essentially allow counterparties to "swap" exposures to certain kinds of risks, such as changes to interest rates, commodity prices and borrowers' credit-worthiness…
Read Full Article on Wall Street Journal.
Last Updated: September 17, 2010