In this speech before the G-20 AMIS Roundtable on Public-Private Dialogue, Commissioner Chilton asserts that regulators are not moving fast enough, noting that regulators throughout the world "have not approved and or implemented financial reforms to ensure that there is some control over markets". Chilton suggests that the main, overarching goals of the Dodd-Frank Act are: (i) improved transparency, especially with OTC trading; (ii) lowering systemic risk with new capital and margin requirements; (iii) increased accountability; (iv) protecting market integrity. Chilton covers the following

The CFTC has announced an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act, Federal Agencies are required to publish a notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment in response to the notice. This notice solicits comments on collections of information provided for by the Disclosure and Retention of Certain Information Related to Cleared Swaps, Customer Collateral

SIFMA has published comments to the Working Group on Margining Requirements (WGMR) of the Basel Committee on Banking Supervision (BCBS) and IOSCO on the Consultative Document on margin requirements for non-centrally-cleared derivatives. This letter includes a proposed universal two-way initial margin requirement aimed at ensuring that interconnected intermediaries have sufficient resources to withstand a major counterparty default without transmitting the resulting losses to third parties. SIFMA further recommends suggestions regarding: Segregation of initial margin; Cross-margining and

The table below indicates the date, participants in and subjects of the meetings. & Lofchie Comment: Among the meetings noted below was one in which various non-U.S. government regulators came in as a group on September 25 to meet with the CFTC. Many of these governments submitted comment letters that were extremely critical of the CFTC's extraterritorial jurisdiction. Presumably, the fact that they met jointly with the CFTC indicates that they have reached a consensus on their reaction. Canada had not submitted a letter to the CFTC, so it is notable that Canada joined the group. DATE MEETING

HM Treasury made available "The Wheatley Review of LIBOR: Final Report" which includes a 10-point plan for comprehensive reform of LIBOR (summary starts on page 8), and which is now under consideration by the British government. The report covers the following main topics: The blueprint for LIBOR reform; Regulation and sanctions; Strengthening institutions and governance; Rules and guidance for LIBOR; Reforms to the LIBOR mechanism; Alternatives to LIBOR for the longer term; Implications for other benchmarks; Analysis of other reform options; Summary of consultation responses; and The case for