“CFTC Derivatives Rules Bow To Market Reality, Experts Say,” Law360

While financial reform groups have been pushing for tougher rules, Rodriguez Valladares said the CFTC needed to take into account Wall Street banks’ and institutional investors’ technical limitations. The block trading and other rules mark major shifts, and the back offices that process all of the information that will have to be transferred just aren’t ready, she said.

“If after a year they’re still whining that they’re not ready, then we should have a lot less patience,” Rodriguez Valladares said.