Tue, Feb 28, 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: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways