After the success of the Phoenix event, the CFMA
plans to hold similar summits in the coming months and into 2017.
Among the Dodd-Frank Act's major goals was reform of the derivatives markets--particularly the credit default swaps, interest rate swaps and other 'swaps' traded over-the-counter that the CFMA
had left largely unregulated.
and the Demise of the Mandatory Product Approval Regime
Over-the-counter derivatives trading grew dramatically in the years following passage of the CFMA
," the report states.
(supra note 42) and QDA (supra note 13) both refer to their principles as "Core Principles for Derivative Markets".
Because both naked swaps and synthetic CDOs were nothing more than bets on the viability of the sub-prime market, at Wall Street's behest, the CFMA
banned application of state gambling laws to these transactions.
Congress enacted the CFMA
, among other reasons, "to promote innovation for .
Deregulatory GLBA and CFMA
did not permit the Legislation creation of unregulated markets and activities; they simply codified existing markets and practices.
formally exempted financial derivatives, including the now infamous credit default swaps, from regulation and federal government oversight.
Under the CFMA
, the CFTC maintains exclusive jurisdiction over broad-based indexes, but now the CFTC and SEC jointly regulate narrow-based indexes and single stock futures.
A new assurance senior manager is Jennifer Gonzales, who is an active member with CFMA
Fierabras: Chanson de geste du xiie siecle, CFMA
142 (Paris: Champion, 2003).