Both the Securities and Exchange Commission (SEC) and the Commodity FuturesTrading Commission (CFTC) have requested significant budget increases to ensure that they are not forced to compromise existing services.
Celent released its report last week, as foreign regulators warned the U.S. Commodity FuturesTrading Commission (CFTC) that its proposed new derivatives rules could brutalize global markets.
The new regulation is a part of the Dodd-Frank financial reform act, under which the Commodity FuturesTrading Commission (CFTC) proposed rules for how OTC derivatives clearing houses should be regulated.