CFTC Dodd-Frank Rulemaking The CFTC is issuing proposed regulations to establish the regulatory standards for compliance with derivatives clearing organization (DCO) Core Principles C (Participant and Product Eligibility), D (Risk Management), E (Settlement Procedures), F (Treatment of Funds), G (Default Rules and Procedures), and I (System Safeguards). For DCOs that are designated by the Financial Stability Oversight Council as systemically important DCOs (SIDCOs), the Commission is proposing heightened standards in the area of system safeguards supporting business continuity and disaster

News Article The CFTC may remove regulations that for more than a decade treated agricultural swaps and commodity options differently than other transactions in the $583 trillion swaps market. The Commission is considering a proposal that would put agricultural swaps under the same rules as interest rate, credit and other types of swaps. Approval by commissioners would open the measure to public comment before it is completed. Publication Bloomberg Date January 20, 2011 Cross References (links may require a Cabinet subscription) Dodd-Frank Act, Title VII, Sec. 723

News Article CFTC Commissioner Michael Dunn said that the agency is facing a "budget crisis" as it attempts to carry out the financial reform law with insufficient funds. Publication Reuters Date January 20, 2011 Cross References (links may require a Cabinet subscription) Dodd-Frank Act, Title VII

News Article The bottom line according to Businessweek: The CFTC's push to limit commodity speculation faces opposition from House Republicans who now share control over the agency's budget. CFTC Chairman Gensler might not have the three votes needed to impose even those limits. Democratic Commissioner Michael V. Dunn said there's no "reliable economic analysis" that proves excessive speculation is affecting markets. "My fear is that, at best, position limits are a cure for a disease that does not exist," Dunn said. "Or at worst, a placebo for one that does." Publication Businessweek Date

News Article The CFTC unveiled a plan on Thursday that would lower the threshold for traders in agricultural swaps. Existing regulations hold agricultural swaps to a tougher standard than the rest of the over-the-counter derivatives market. The commission proposed to reconcile the difference, as part of the Dodd-Frank financial overhaul law. Under the agency's proposed rules, agricultural swaps traders would only need a $1 million net worth. Traders previously had to have $10 million to qualify. The lower threshold will allow smaller farmers - and other buyers and sellers of corn, wheat and