Jul 21, 2020
10 years of Dodd-Frank. On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act for the first-time regulated swaps in much the same manner as the futures industry has been regulated for decades. In this episode, two major players of the Act are featured, CFTC Commissioners Dawn Stump and Dan Berkovitz. Commissioner Stump was the lead staff member for the Republican side of the Senate Agriculture Committee, where the derivatives title originated. Commissioner Berkovitz was the General Counsel at the CFTC during the deliberations of the Act and the subsequent implementation by the agency. Both are now CFTC Commissioners whose job, in part, is tasked with the ongoing implementation of this historic law.