CFTC Enforcement Program 2020-2021: The Swaps Market Under Review (Volume 55, Number 2—January 26, 2022)
Author: Anne M. Termine.; Annie Willett.
Source: Volume 55, Number 02, January 15 2022 , pp.13-22(10)
Abstract:
In FY 2021, the CFTC has brought enforcement actions with a special focus on the swaps market and swap dealers. In this article the authors discuss the commission’s recent cases, involving charges of (1) failures in reporting, recordkeeping, and supervision; (2) violation of business conduct standards; and (3) failures to register as an SEF. They then discuss the commission’s new penalty mitigation guidelines. They close with a look ahead at FY 2022 under a new commission completely appointed by the Biden administration.Keywords: Regulatory Enforcement Actions; New Cooperation, Self-Reporting, and Remediation Guidelines on Swap-Dealer Enforcement
Affiliations:
1: Bracewell LLP; 2: Bracewell LLP.