Thu, Aug 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Senator Dodd, regulators, managers weigh in on Dodd-Frank

Thursday, November 15, 2012

Bailey McCann, Opalesque New York:

Former Senator Christopher Dodd (D-CT), CFTC Commissioner Bart Chilton, and Guggenheim Partners Chairman Alan Schwartz, convened last night at the Bloomberg FX12 Summit to discuss Dodd-Frank and what financial markets participants might expect over the coming months as the fiscal cliff looms large. Speaking to a group of industry professionals in the opening panel, Senator Dodd voiced his unapologetic support for the law, and his vote for the TARP bailout.

"My vote on TARP – and I’ll go to my grave believing this – was the right thing to do at that moment," the Senator said. He also believes that while the implementation of Dodd-Frank is still in flux, the regulations will be a net positive for both the industry and investors. To him, the immediate focus should be on dealing with the fiscal cliff.

"The president and congress really have only a 6-8 week window to engage," he said, noting that after that point, the wiggle room provided by the election is likely to wear off , sending lawmakers and the President back to their respective corners. "The President is really, really going to have to engage on this issue," the Senator said.

His points were echoed by Schwartz who expects to see a rise in corporate and dividend tax rates in addition to the continued implementation of Dodd-Frank. "The most critical part of Dodd-Frank are the derivatives rules," Schwartz said, noting that allowin......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Other Voices: Crisis risk offset; about time?[more]

    This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

  5. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos