New Role for Linklaters
Linklaters' chief of structured finance and derivatives, Gary Barnett, is likely to join the Commodities Futures Trading Commissions. He has been assigned the new role of managing swap dealers and intermediaries in the swaps market. Barnett has enormous knowledge of swap market and his imitative know-how will be essential to leading the CFTC's new division, so as to lessen the risk of the swaps market to the overall economy. From the time when the financial revamp was approved, exterior parties have got together with commission staff 978 times, compared to 354 meetings with Federal Reserve officials, 322 with the Securities and Exchange Commission, and 127 at the Federal Deposit Insurance Corp.