Banks Push Back Against Swap Rules
After passage of the Dodd-Frank Act three years ago, Wall Street preserved its dominance of the derivatives business with one of the largest sustained lobbying attacks ever launched on a single Washington agency. A Bloomberg News analysis of records of more than 2,000 meetings, posted as of Aug. 1 on the website of the U.S. Commodity Futures Trading Commission which is writing the rules on derivatives, shows that representatives of Goldman Sachs Group Inc. were the most frequent visitors to the agency.
Published Sept. 4, 2013
Source: U.S. Commodity Futures Trading Commission data compiled by Bloomberg
GRAPHIC: DAVID INGOLD / BLOOMBERG VISUAL DATA