Concerns over CFTC funding cuts
Dodd-Frank Act rule-makings are coming thick and fast from the Commodity Futures Trading Commission, but derivatives dealers are concerned about the quality of rules given the short timelines and limited funds available to the regulator to carry out the task. By Peter Madigan
The battle over regulatory funding is heating up in Washington, DC. Congressional Republicans, who wrested back control of the House of Representatives in the mid-term elections in November 2010, have vowed to slash the budgets of financial regulators, including the Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC), at precisely the time when they will see their responsibilities expand dramatically under the Dodd-Frank Wall Street Reform and Consumer
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