Partner
Norton Rose Fulbright US LLP
Steven Lofchie is a Partner based in New York. He advises financial institutions and corporate clients on the securities laws and the Commodity Exchange Act, with particular focus on the regulation of broker-dealers, swap dealers, investment funds and other market intermediaries. Steven's transactional practice focuses on securities credit and derivative transactions.
Recent Articles & Comments
Kudos to whomever came up with the "SHORT" acronym.
Since he assumed office, Chair Giancarlo has emphasized that derivatives should not be treated as a scapegoat for the 2008 market crash and that, contrary to some popular opinion, by far the largest use of derivatives is not for financial speculation but for commercial hedging. By highlighting these points, Mr. Giancarlo argues that the regulation of futures and swaps should be driven by economic considerations and not by domestic politics.