CFTC Delays Derivative Rules Until 2012

Law360, New York (September 8, 2011, 8:01 PM EDT) -- Federal regulators attempting to set up a trading regime for the approximately $600 trillion derivatives market on Thursday delayed even further the completion of several rules meant to standardize trading of the complex financial products.

The U.S. Commodity Futures Trading Commission will not complete its rule-writing process for the derivatives market until the first quarter of 2012, Chairman Gary Gensler said at a commission open meeting. Also, for the first time, Gensler laid out a schedule outlining the timing of the commission's rulemaking.

“We are focused...
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