News Article CFTC Commissioner Scott O'Malia, Chairman Gary Gensler for hiring more staff to carry out new regulations, while letting automated policing systems languish. "In my opinion, the chairman is playing a game of 'chicken' with Congress over the CFTC technology budget, and that is not a game where anyone wins," O'Malia told a derivatives industry conference. "We can no longer achieve our mission and goals by throwing people at them. We need to leverage our investment in automated surveillance systems, eliminate human intervention in data collection and at a minimum, ensure that all

Dodd-Frank mandated that the FSOC ensure that all financial companies whose failure could pose a threat to the financial stability of the United States - not just banks - will be subject to strong oversight. Using the considerations set forth in the Dodd-Frank Act, as well as taking into account public comments on a previously issued Advance Notice of Proposed Rulemaking, the FSOC today approved a proposed rule outlining the criteria that will inform the FSOC's designation of such firms and the procedures the FSOC will use in the designation process. Under the FSOC's proposed rule, if

The initial period for federal registration of residential mortgage loan originators pursuant to the S.A.F.E. Act is expected to start on or around January 31, 2011, and end on or around July 29, 2011. Date January 6, 2011 Cross References (links may require a Cabinet subscription) OCC 2011-1

CFTC Dodd-Frank Rulemaking The CFTC will hold a public meeting on February 11, 2011 to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Date January 25, 2011 Cross References (links may require a Cabinet subscription) Dodd-Frank Act, Title VII

CFTC Dodd-Frank Rulemaking The CFTC held a public meeting to consider where it approved two proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics: Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF (joint with the Securities and Exchange Commission) and Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligations. The CFTC approved both rule proposals, which would require reporting by investment advisers to private funds that