Date: July 9, 2013
Issue: Derivatives
To: U.S. Senate Committee on Banking, Housing and U.S. Senate Committee on Agriculture, Nutrition and Urban Affairs
Filing Type: Congressional
Description: Trade group letter expressing our strong process and policy concerns with the controversial “cross-border” application of Title VII of Dodd-Frank. Specifically, we are very concerned about the looming July 12th expiration of an “Exemptive Order” from the Commodity Futures Trading Commission (CFTC), given previous market disruptions and the existing misalignment between the CFTC and both the Securities and Exchange Commission (SEC) and foreign jurisdictions.