Bill to rein in CFTC's Sef proposals runs into trouble

The voice of reason?

barney-frank

Plenty of people have been willing to accuse the US Commodity Futures Trading Commission (CFTC) of going too far when interpreting its responsibilities under the Dodd-Frank Act – but it carries more weight when that person is Barney Frank.

Speaking to Risk, the ranking Democrat member of the House Financial Services Committee – who, along with former senator, Chris Dodd, gave his name to the act – says the CFTC was wrong to propose that users of swap execution facilities (Sefs) should be compell

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