Conflicts of Interest in Derivatives Clearing

Miller, Rena S.

Library of Congress. Congressional Research Service.

关键词: Finance;    Interest;    Banks and banking;   

RP-ID  :  R41715
RP-ID  :  R41715_2011Mar22

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report examines how conflicts of interest may arise regarding derivatives clearing and analyzes the measures that the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) proposed to address them. It discusses what effect, if any, ownership and control limits may have on derivatives clearing; and whether such limits effectively address the types of conflicts of interest that are of concern to some in the 112th Congress. These rulemakings may interest the 112th Congress as part of its oversight authority for the CFTC and SEC. Trends in clearing and trading derivatives, and the ownership of swap clearinghouses, are discussed in the Appendix.