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Acting CFTC chairman eyes remaining Dodd-Frank hurdles and other top issues

First Published 6th February 2014

Mark Wetjen detailed the remaining issues for the CFTC as it finishes up with Dodd-Frank and considers other big-ticket items.

Washington DC - Mark Wetjen, acting chairman of the Commodity Futures Trading Commission (CFTC) told a US Senate panel that the last remaining major hallmark of Dodd-Frank implementation was days away, with a number of remaining rules due to be tackled in the months ahead.

Beyond Dodd-Frank, the Commissioner also said there were other important matters to address in the months ahead, including risk controls and safeguards for automated trading, made available to trade determinations, data-related matters, position limits and international coordination.

"For the CFTC, only a few rulemakings remain to be re-proposed or finalised in order to complete the implementation of Dodd-Frank. Indeed, in just a matter of days, the compliance date for perhaps the last remaining, major hallmark of the reform effort will arrive: the effective date of the swap-trading mandate," Wetjen said.

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