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.

In the full committee meeting of the Business Law Section Banking Law Committee (BLC), Diana gave a presentation about the new regulatory framework for the swaps markets mandated by the Dodd-Frank Act. She provided an overview of dozens of pending rules and related pending legislation. Her focus was on clearing and margin requirements, registration and regulation of market participants, transaction reporting, push-out of certain derivatives from the most active banks, and international implications.

The ABA provided additional comments to the CFTC and SEC about how end-user banks with limited swaps activities and use swaps solely to hedge or mitigate risk would be affected if one of their counterparties ceased conducting business. The letter describes existing bank risk management practices and comprehensive regulation, including legal lending limits. The CFTC final rule provides a clearing exemption for banks and savings associations with $10 billion or less in total assets.