CMC Meets with General Electric Government Relations

CMC met with an executive in GE’s Government Relations team.  Being the massive conglomerate they are, GE is interested in derivatives regulation from an end-user perspective and a financial services perspective.  We briefed them on the issues of interest that CMC is working on right now as pertains to Title VII of the Dodd-Frank Act (position limits, margin requirements, bona-fide hedging, affiliate transactions, product and entity definitions, etc).  They echoed CMC’s opinion that it is essential for large companies that have operations in various countries to be very mindful of the financial regulatory and political/legislative processes in multiple jurisdictions other than their own home base.