SEC Takes a Stab at Assessing Swap Rule's Impact on Activist Hedge Funds
Also, Powell weighs in on bank capital and the 'cultural shift' at the Fed; Senate Banking approves clawback bill; House Appropriations bill seeks to kill several of Gensler's rules
It appears Chair Gary Gensler was being genuine when he signaled that the SEC has no plans to scrap its controversial swaps disclosure rule. Late yesterday, the agency reopened the comment period for the proposal – a surprising move, but a sign that the effort is very much alive.
The hedge fund industry, as you’d expect, is pretty unhappy. Still, some sa…
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