legislation
Dec. 9th, 2009 - Senator Dodd to Press Financial Reform Ahead: Aides
-Reuters
by Mike Prokop
This article gives a pretty good snapshot of what the current state of affairs is in the House and Senate for financial reform. Remembering what Mike Gill said in the last CCRO meeting, the further out the Senate pushed their timeline, the less likely it is that anything will get done. There is talk in this article that the Senate may not fully address this until the summer when their will be a lot of campaigning going on.
Expand description (you must sign-in as a member)
Dec. 8th, 2009 - Clearing Plan Won't Affect Existing Firms, Lynch Says (Update1) - Bloomberg
by Mike Prokop
The FIA sent a letter to Rep. Steven Lynch of Massachusetts, the author of the “Lynch Amendment” that is circulating now.
Expand description (you must sign-in as a member)
Dec. 7th, 2009 - Text of Frank's Comprehensive Bill - Derivatives are Title III
by Mike Gill of Crowell & Moring
Please see link below of text of the financial services reform bill introduced by Frank yesterday which combines seven pieces, including the derivatives portion, into a comprehensive bill.
Expand description (you must sign-in as a member)
Nov. 16th 2009 - CFTC Reopens Public Comment Period on its Notices of Intent to Determine Whether Certain ICE Contracts Perform Significant Price Discovery Functions
by Mike Prokop
The attached notice just came out from the CFTC. They are once again soliciting comment from the public as to whether or not certain contracts traded on ICE perform a Significant Price Discovery role. If they do, that would put those contracts in a category of closer regulation by the CFTC in the future. That regulation could come in the form of position limits and/or hedge exemption modifications. I have attached the criteria for what constitutes a SPDC below. I would encourage all interested members to file comment with the CFTC.
Expand description (you must sign-in as a member)
Oct. 29, 2009 - FACTBOX: Major U.S. financial regulation reform proposals
by Mike Prokop
Here’s a good one that gives people links directly to the Bills that are out there and a brief explanation of each one.
Expand description (you must sign-in as a member)
Oct. 22, 2009 - CFTC Seeks Public Comment on its Notice of Intent to Determine Whether the NWP Rockies Financial Basis Contract Offered for Trading on the IntercontinentalExchange, Inc., Performs a Significant Price Discovery Function
by Mike Prokop
This notice from the CFTC is stating that they are accepting comments on whether or not the ICE contract for NWP Rockies gas basis should be considered an SPDC or not. Click expand for a link to the notice and a definition of what makes a contract a SPDC since it is not included in the article.
Expand description (you must sign-in as a member)
Oct. 14th 2009 - Rep Frank Draft Proposal for Title Seven (Attached PDF)
by Mike Gill
Bob, the Title Seven “Administration draft” has been superseded now by a draft that Rep. Frank released last week (attached)
Aug 21st 2009 - Title Seven Section-by-Section Analysis
by Peter Stockman
Attached is the section-by-section analysis of the Administration’s derivatives legislation I mentioned yesterday.
New Legislation for CCRO Attention
The CCRO and Mike Gill (Crowell & Moring) are planning to arrange a series of meetings between Bob Anderson and congressional staffers. The goal is simply to introduce them to the CCRO and its unique role as an energy industry resource – a resource from which which they will certainly want to draw ‘industry expert’ knowledge and interact with directly.
Expand description (you must sign-in as a member)
