Comment Text:
Conversation at Congressional Hearing
Thursday, March 31, 2011
Memo from
Berkovitz, Dan M
CFTC Staff :
Gary Gensler, Dan M. Berkovitz
External Attendees :
Jim Allison (ConocoPhillips), Michael Sweeney (Hunton & Williams), Michael Menezes (Hunton & Williams)
Additional Information :
During a break in a Congressional hearing, the participants discussed the timetable for the phase-in of the application of the CFTC's regulations promulgated to implement the requirements of Dodd-Frank Act, including the requirements applicable to swap dealers, and recordkeeping and real-time reporting requirements. The participants discussed potential criteria for the CFTC to use in determining how to phase-in these requirements. Chairman Gensler encouraged the submission of industry views on this issue.
