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Comment Letters
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| Posting date | | | | 2.12.2010 |  | MFA submitted a letter to Treasury Deputy Secretary Neal Wolin, which set out several issues related to the treatment of OTC derivatives contracts in the context of bankruptcy and resolution authority. Specifically, the letter set out concerns regarding the segregation of collateral and portability of OTC contracts in the event that a clearing member of a central counterparty provider goes into bankruptcy. The letter summarized the analysis and proposed legislative amendments with respect to the U.S. central clearing proposals that are contained in a report prepared last year by Cleary Gottlieb Steen & Hamilton. The letter also set out differences in the treatment of derivatives contracts under the Bankruptcy Code and the Resolution Authority title passed by the House of Representatives, respectively. | | 2.5.2010 | | MFA submitted comments to the U.S. GAO in response to its request for comments on the “Joint Report of the SEC and CFTC on Harmonization of Regulation”. In our letter we discuss recommendations we support, such as aligning specific private fund reporting requirements, creating a joint information technology task force, facilitating portfolio margining, and creating a process that would facilitate the product approval process and provide legal certainty. We also discuss concerns with recommendations and areas that the Joint Report does not cover. |
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Industry Pulse
- March 9, 2010
Politico
- Showdown looms for financial reform
- March 8, 2010
The Financial Times
- Bair seeks upfront levy on big banks
- March 8, 2010
Reuters
- Senators wrangle over OTC derivatives exemptions
- March 6, 2010
Reuters
- In Europe, Volcker makes case for bank trading limits
- March 5, 2010
The Wall Street Journal
- Six Steps Toward Financial Reform
- March 4, 2010
Politico
- Financial reform still on the table
- March 2, 2010
The Wall Street Journal
- Deal Near on Banking Rules
- March 2, 2010
The Washington Post
- Dodd wants Democratic support for consumer-protection regulator at Fed
- March 2, 2010
The Financial Times
- SEC’s new short selling rules ‘threaten liquidity’
- March 2, 2010
Politico
- Frank: Dodd deal like 'a bad joke'
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MFA Calendar
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