CFTC analysis of Dodd-Frank costs 'non-existent', says Sommers

CFTC Commissioner Jill Sommers

The Commodity Futures Trading Commission (CFTC) has conducted almost no cost-benefit analysis on its proposed Dodd-Frank rulemakings, one of its commissioners has revealed – despite a legal requirement to do so and an order from US president Barack Obama issued at the start of this year requiring agencies to propose or adopt rules only where the benefits justify the costs.

A failure by the Securities and Exchange Commission (SEC) to conduct adequate cost-benefit analysis of one Dodd-Frank Act ru