The letter is being taken by many as an indication that Feinstein intends to resurrect her attempts to pass legislation to regulate OTC energy derivatives. In February last year, Feinstein introduced legislation that sought to expand regulatory oversight of the OTC commodity derivatives market in response to Enron’s collapse. But Feinstein had her plans defeated in a routine procedural vote in April that required 60 affirmative senate votes for her proposed amendment to advance.
International Swaps and Derivatives Association chief executive Robert Pickel told RiskNews last week that he was aware that Feinstein was making fresh attempts to push for OTC energy derivatives oversight. He said Isda would move to counter such efforts.
The week in Risk.net, May 19-25 2017Receive this by email