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CFTC ‘out of step’ with SEC on Dodd-Frank rules, Sommers says

Posted on 08 March 2011

From Bloomberg: The Commodity Futures Trading Commission is “out of step” with U.S. and international efforts to write rules for the derivatives market, Commissioner Jill Sommers told bankers at a conference in Washington.
CFTC and Securities and Exchange Commission proposals for governing new swap-execution facilities may lead to inconsistent regulation, Sommers said today in a speech at the Institute of International Bankers annual conference in the U.S. capital……………………………………….Full Article: Source


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