CFTC Chair Touts 'Real Change' In New Swap Rules

Law360, New York (September 16, 2010, 2:50 PM EDT) -- U.S. Commodity Futures Trading Commissioner Gary Gensler on Thursday estimated that hundreds of swap dealers, participants and execution facilities will fall under the new regulatory regime promulgated by the Dodd-Frank Act, as the CFTC gears up to release dozens of new rules this fall.

In a speech delivered at the International Swaps and Derivatives Association Inc.'s New York regional conference, Gensler said the commission believes that about 200 entities will be required to register as “swap dealers” and that 20 to 30 new entities will be...
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