Two years ago, the financial system and the financial regulatory system failed. On July 21, 2010, the Administration and the Congress responded with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Dodd-Frank Act will—for the first time—bring comprehensive regulation to the over-the-counter derivatives marketplace. Derivatives dealers will be subject to robust oversight. Standardized derivatives will be required to trade on open platforms and be submitted for clearing to central counterparties.
The Commodity Futures Trading Commission looks forward to implementing the Dodd-Frank Act to lower risk, promote transparency and protect the American public.
In the tradition of quality reporting, the Commodity Futures Trading Commission proudly presents the FY 2010 Performance and Accountability Report.