The Dodd-Frank Act directed regulators to write an overwhelming number of rules, many of which were aimed at overhauling the over-the-counter derivatives markets. Regulators, including the Commodity Futures Trading Commission, were not given a lot of time to consider and write the rules, and, as expected, were forced to ask for more time. Regulators have missed deadlines and continue to draw out the timeline for implementing Dodd-Frank rules. FIA and other industry groups have participated in the process by suggesting a phased-in schedule for implementing the rules.
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