Dodd-Frank passes but leaves questions unanswered

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Gary Gensler, CFTC

The final passage of financial reform in the US Senate brings the legislative process to a close but leaves crucial questions unanswered for market participants.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by 60 votes to 39 on July 15. The bill will bestow regulatory authority over the over-the-counter derivatives market jointly to the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). It will also require many OTC deriva

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