Employee benefit plans want the right to waive a proposed rule that would require swap counterparties to give benefit plans extra scrutiny and advice.
The American Benefits Council, Washington, discusses that point in a comment letter sent to the U.S. Securities and Exchange Commission (SEC).
The SEC and the U.S. Commodity Futures Trading Commission (CFTC) have been working on regulations implementing the business conduct standards provisions in the swap section of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
