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Dodd-Frank, passed in response to the crisis, sought to create new oversight and capital requirements on the firms that arrange swaps.
Using the app, new members will be able to add their listings and allow existing members to exchange messages and arrange swaps.
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Mr. Gensler's proposals are likely to be opposed by the banks and Wall Street firms that arrange swap contracts in the commodity markets and operate funds that invest in commodities.
The Fed arranged swaps with central banks in other countries to provide dollars, but the flow was insufficient.
(While the company, owned by Cendant, is by far the biggest exchange company, Interval International in Miami also arranges swaps. Interval is owned by Willis Stein Partners).
With many of these companies now in financial difficulty -- Global Crossing filed for bankruptcy protection last month -- the ability to continue arranging swap deals has diminished.
The link documents those efforts to arrange the swaps that I led as Project Director at the Harvard University Center for Population and Development Studies, the international conference on debt swaps for social purposes that I organized at Harvard co-chaired by former Japanese Foreign Minister Saburo Okita and ex-USAID chief David Bell.
They hope to arrange more swaps in the future.
Usually it is to arrange prisoner swaps or the recovery of bodies.
In December, the National Kidney Registry, one of the several nonprofit groups that arrange such swaps, completed a record chain of 30 successful transplants, performed over four months at 17 hospitals.
[C3.] Trying to Cash In on Patents A number of patent boutiques are popping up, hoping to help large companies transfer idle patents into royalties or arrange technology swaps.
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