Compliance

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SEC and CFTC Still Working on Specific Dodd-Frank Rules

Over 50 Commodities Futures Trading Commission rules need to be completed and refined, says CFTC commissioner Bart Chilton.

Bart Chilton, commissioner of the CFTC, says Dodd-Frank hasn't been fully implemented yet because the CFTC alone has more than 50 rules that it needs to define before financial firms will need to comply with the regulations. Also, Chilton says in the MSNBC video, the SEC is also working on its own set of rules that also need to be completely outlined. For the CFTC, position limits and the large world of unregulated swaps are the top priorities, Chilton adds. He says the CFTC will complete the rules by the end of the year.

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Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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