Swaps dealers, participants question CFTC's proposals

02/28/2011 | Reuters

The Commodity Futures Trading Commission has proposed conduct standards that raise concerns among swaps dealers and corporate end-users. The proposals are aimed at curtailing fraud by prohibiting front-running of customer orders, identifying counterparties and other practices. "It's a particularly detailed rule that is laying out lots of detailed prescriptions for people on how day-to-day business is done. There's a clash between the way business is conducted prior to the adoption of Dodd-Frank and now what these rules are going to require," said Cory Strupp, managing director in the government affairs division of SIFMA. Read the SIFMA comment letter.

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