The top two U.S. securities regulators outlined rule proposals ranging from asset management to swaps dealing they will take up in coming months, indicating the agencies will be at full throttle through election season to the end of the year, Reuters reported yesterday. The Securities and Exchange Commission and Commodity Futures Trading Commission are working to enforce mandates from the 2010 Dodd-Frank Wall Street reform law, comply with international regulations and respond to technology changes as part of efforts to keep markets running smoothly and protect investors. SEC Chair Mary Jo White told an industry group the commission's staff is working on stress testing for asset managers. She said the SEC's plan for a consolidated audit trail, a database tracking equity and options trades, is on schedule and the agency is focused on all aspects of financial technology, with a forum scheduled on it for Nov. 14. Following White, CFTC Chairman Timothy Massad said that one key focus for his agency is re-proposing a rule on capital requirements for swap dealers so that it will be consistent with banking regulations but flexible enough to apply to broker-dealers and other non-banking institutions.
