Lawmakers weigh Dodd-Frank swaps implementation

The Commodity Futures Trading Commission is coordinating with international regulators as it works to establish a framework for substituted compliance that will serve as a basis for the commission’s Dodd-Frank cross-border policy, CFTC chairman Gary Gensler recently told Senate lawmakers. Gensler discussed cross-border matters and the CFTC’s struggle to implement position limits under the Dodd-Frank Act with members of the Senate Agriculture Committee. Read on for the details.