CFTC taking ‘check-the-box’ approach to cost-benefit analysis, says congressman
Chair of the general farm commodities and risk management subcommittee accuses the CFTC of conducting only token cost-benefit analyses on Dodd-Frank rule-makings
The Commodity Futures Trading Commission (CFTC) has taken a tick-box approach to conducting cost-benefit analyses on its Dodd-Frank rule-makings, and has vastly underestimated the costs that will be imposed on the derivatives market as a result, according to K. Michael Conaway, chairman of the House Committee on Agriculture's general farm commodities and risk management subcommittee, speaking at the Futures Industry Association annual conference in Florida yesterday.
The Dodd-Frank Act, which
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