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(Telecommute / Daphne AL / Atlantic Beach FL)

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Plan Sponsor Letter to House Financial Services Reform Bill Conferees Regarding Swaps (PDF)
American Benefits Council Link to more items from this source
[Opinion]
June 15, 2010
7 pages. Excerpt: Specifically, we have two concerns. First, the Senate bill's provision requiring a swap dealer to have a fiduciary duty to a retirement plan would effectively require a swap dealer to represent both sides of a swap transaction, which is legally unworkable. Second, the House bill's definition of a 'major swap participant' would subject plans to dealer-type regulation, which would inappropriately harm plans' ability to deliver benefits efficiently.

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