Deadlines Missed on Financial-Overhaul Rules
Regulators have missed or postponed several deadlines to write rules needed to implement the financial overhaul triggered by the Dodd- Frank law. The SEC and CFTC are straining to keep up with the workload of turning the language in last summer's law into regulations in time to begin enforcing some of the new rules this summer.
The CFTC will miss this month's deadline under the law to issue a rule aimed at curbing speculative trading of more than two dozen raw materials, including precious metals, crude oil and soybeans.
Publication
Wall Street Journal
Date
January 18, 2011
Cross References (links may require a Cabinet subscription)
Dodd-Frank Act, Title VII, Sec. 737