The SEC had a busy week! It seems Mary Schapiro is starting to reveal her regulatory priorities, viz:
Counterparty Like its 1999: the SEC has approved another central counterparty for credit default swap transactions and even though, as the release admits, they can only regulate "those CDS that are not swaps" (what does that "S" stand for?), they're game.
Round 'n' Roundtable: on April 16th, yet another discussion of how to regulate credit rating agencies. Mary Schapiro calls it "clearly one of this agency's most important responsibilities."
Tweeeet: the SEC has brought in a consulting firm to help evaluate and improve the way it handles whistleblower complaints.
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