Tag: Lynch Amendment

Commodity Futures Trading Commission: Send Money. And Power. (SeekingAlpha)

SeekingAlpha picked up my my recent quote in a Bloomberg article about proposed CCP ownership limits for dealers proposed by the CFTC. The author is right, I am flabbergasted. Kevin McPartland is justifiably flabbergasted: “What is an LCH.Clearnet going to do, that’s almost completely dealer-owned?” said Kevin McPartland, a senior analyst with Tabb Group in […]

CFTC Is Said to Propose That Banks Own 20% of Credit Swaps Clearinghouses (Bloomberg)

The Lynch Amendment is back.  The CFTC is expected to release its first set of proposed rules related to OTC derivatives reform this Friday and it is expected that those rules will include limits on dealer ownership of clearinghouses (among other things).  I get the logic, but from what we know of the expected proposal […]