CFTC official scrutinizes Senate proposal related to swaps

06/3/2010 | Risk.net (subscription required)

Michael Dunn, a commissioner at the Commodity Futures Trading Commission, said a Senate proposal to prevent major swap participants, dealers, exchanges and clearing platforms from qualifying for federal aid might not be included in the final version of the regulatory-reform bill. Sen. Blanche Lincoln, D-Ark., proposed the controversial provision. "Sen. Blanche Lincoln came out with a very, very strong piece, and whether or not that will prevail depends on the conference committees between the House and the Senate," Mr. Dunn said.

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