CFTC Inspector Says Agency Rushed New Swaps Rules

Law360, New York (April 19, 2011, 5:38 PM EDT) -- The U.S. Commodity Futures Trading Commission's Office of the Inspector General said Friday that the agency had not sufficiently analyzed the impact of new rules for the swaps market, largely because of in-house concerns over potential litigation.

At the behest of two congressmen — Frank Lucas, R-Okla., and K. Michael Conaway, R-Texas — the inspector general investigated the cost-benefit analyses the CFTC performed for four recent rules proposed by the U.S. futures regulator in accordance with the Dodd–Frank Wall Street Reform and Consumer Protection Act....
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