This article focuses on the implementation of the new regulations for the swap markets, including registration, reporting, business conduct, and other requirements. It also discusses the cross-border implications for swap dealers and major swap participants. Diana is quoted as encouraging the CFTC to adhere to its pledge to work with market participants to ensure a smooth transition.

The article provides an overview of the role of clearing and the Dodd-Frank Act mandate to move most swaps to clearinghouses. It forecasted an exemption for banks with less than $10 billion in assets that use swaps to hedge and mitigate risk. Diana is quoted as advocating for a risk-based measurement because it will better reflect potential market risk.

Diana provided formal training for state bank supervisors about the Dodd-Frank Act mandated new regulatory framework for the swaps markets. The presentation included background information about regulations and pending federal and state legislation. She focused on the measurement of credit exposure now included in lending limits for both national and state-chartered banks, single counterparty credit limits, margin requirements, affiliate transactions, and more.