After Commissioner Bowen’s formal remarks about speculative position limits for derivatives, Diana engaged in an off-the-record dialog with her. Topics they discussed included ongoing challenges from implementation of the Dodd-Frank Act swaps clearing and trading mandates, anti-manipulation laws, governance, cross-border swaps regulation, substituted compliance, cybersecurity, algorithmic trading, and liquidity in the swaps markets.

Following Chairman Massad’s formal keynote address, Diana provided informal commentary related to some of the topics mentioned in his remarks. The speech focused on implementation of the Dodd-Frank Act, including the clearing mandate and clearinghouse resilience, oversight of swap dealers, swap execution facility trading, data reporting, cross-border harmonization, and next steps.