What Lies ahead for Derivatives Reform?
One year after Congress ordered a crackdown on the opaque derivatives market as part of the sweeping Dodd-Frank Act, the road to reform has been a bumpy one.
From protests from the banking industry, special interest groups, and members of Congress to regulators’ missed deadlines for translating a broad set of principles into new rules, creating a regulatory framework for derivatives has been one of the most controversial issues to emerge during the Dodd-Frank implementation.
Against this backdrop, Daniel J. Roth, president and CEO of the National Futures Association, a self-regulatory organization for the U.S. futures industry, and Sanjiv Das, chair of the finance department at Santa Clara University’s Leavey School of Business, recently discussed what’s next for derivatives regulation. Listen to a podcast of their discussion.
