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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Worswick who wrote (95)9/17/1998 9:34:00 AM
From: Henry Volquardsen  Read Replies (1) of 2794
 
Also those comments about legislation preventing the CFTC from issuing new regulations concerning otc derivatives is pure politics. The CFTC is making a regulatory power grab. They are trying to expand their mandate beyond the futures exchanges. The derivatives market already comes under the regulation of the SEC and the Fed. Any new regulation needed for over the counter derivatives can be handled through those agencies. The CFTC would just confuse the regulatory picture.
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