SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in reaction to the final business conduct standards rules agreed upon by the Commodity Futures Trading Commission.
“The CFTC’s finalized business conduct rules could have a significant impact on the ability of pension funds and other retirement savings vehicles, as well as states and municipalities’, to effectively manage risk. The summary released today indicates the CFTC thoughtfully addressed many issues that would have restricted plans' and other clients’ ability to manage risk. It is our hope that after a more thorough review that the Commission has indeed made sufficient changes to the original proposal so as not to unnecessarily impede the ability of pension funds, states and municipalities to manage their risks. Additionally, it will be important that these rules comport with other regulatory efforts, including those by the SEC and the DOL."
