Fri, Aug 28, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner