On May 16, 2012, the CFTC published in the Federal Register a Notice of Proposed Amendment to extend the temporary exemptive relief the CFTC granted on July 14, 2011 from certain provisions of the CEA that otherwise would have taken effect on the general effective date of title VII of the Dodd-Frank Act - July 16, 2011. This final order extends the July 14 Order with certain modifications. Specifically, it removes references to the entities terms, including "swap dealer," "major swap participant," and "eligible contract participant" in light of the final joint rulemaking of the CFTC and SEC

View notice in full here (links externally to SEC website).

In its new report, the Semiannual Risk Perspective for spring 2012, the OCC discusses top risks facing national banks and federal savings associations include the lingering effects of a weak housing market, revenue challenges related to slow economic growth and market volatility, and the potential that banks may take excessive risks in an effort to improve profitability. View press release here (links externally to OCC website).

View notice in full here (links externally to SEC website).

View letter regarding CFTC rule submissions here (links externally to NFA website).