Regulation of the Derivative Market
We support efforts to bring transparency to the over-the-counter (OTC) derivatives market and to implement measures aimed at reducing systemic risk while preserving the ability of business end-users to use customizable OTC derivatives at a reasonable price and without the burden of margin requirements. In addition, end-users should be protected from onerous bank-like regulation that would divert precious working capital from job-creating activities, including research & development and business expansion.
Coalition for Derivatives End-Users
CCMC works toward this goal through the Coalition for Derivatives End-Users. More than 270 companies and business associations have joined the Coalition in seeking strong, effective and fair regulation of derivatives markets that brings transparency and mitigates the risk of another systemic collapse while not unduly burdening American businesses and harming job growth. The coalition steering committee includes:
- American Petroleum Institute
- Business Roundtable
- Financial Executives International
- National Association of Corporate Treasurers
- National Association of Manufacturers
- National Association of Real Estate Investment Trusts
- The Real Estate Roundtable
- U.S. Chamber of Commerce
Recent Activity
March 27, 2012: The Coalition for Derivatives End-Users will send a letter in support of the Grimm-Peters-Scott-Owens Business Risk Mitigation and Stabilization Act of 2011, H.R. 2682 and the Stivers-Fudge bill, H.R. 2779.
February 8, 2012: Luke Zubrod of Chatham Financial testified on behalf of the Coalition for Derivatives End-Users at the hearing on Limiting the Extraterritorial Impact of Title VII of the Dodd-Frank Act before the Capital Markets and Government Sponsored Enterprises Subcommittee of the House Committee on Financial Services.
January 25, 2012: The Coalition for Derivatives End-Users sent a letter in support of the H.R. 1840, to improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders, H.R. 2682, Business Risk Mitigation and Price Stabilization Act of 2011, H.R. 2779, to exempt inter-affiliate swaps from certain regulatory requirements put in place by Dodd-Frank , H.R. 2586, Swap Execution Facility (SEF) Clarification Act, H.R. 3336, Small Business Credit Availability Act, H.R. 3527, Protecting Main Street End-Users from Excessive Regulation. These important Bills passed out of the committee.
November 29, 2011: The Coalition for Derivatives End-Users sent a letter in support of the Grimm-Peters-Scott-Owens Business Risk Mitigation and Price Stabilization Act of 2011, H.R. 2682, which would ensure that regulators do not impose margin requirements on many end-users.