For an upcoming post on Because Finance is Boring, I compiled the following tables comparing two Wall Street regulators budgets, employees, number of Dodd-Frank rules completed, budget requests, and enforcement actions.

CFTC vs SEC: Rules Finalized, # Employees, Budget

Dodd-Frank Rules Finalized
(as of March 2014)
# Full Time Employees
(FY 2013)
FY 2013 Budget Budget $ per Dodd-Frank Rule
CFTC 50 682 $206 million $4.1 million
SEC 42 4,023 $1.255 billion $29.8 million

CFTC Budget Request, as Compared to the Size of the Derivatives Market is Regulates

Fiscal Year CFTC Request President’s Budget Appropriation Total Derivatives Notional Held by U.S. Banks
2003 $92.5 million $82.8 million $85.4 million $71 trillion
2004 $110.5 million $88.4 million $89.9 million $88 trillion
2005 $110.6 million $95.3 million $93.6 million $101 trillion
2006 $112.1 million $99.4 million $97.4 million $161 trillion
2007 $136.2 million $127.4 million $98 million $166 trillion
2008 $138.7 million $116 million $111.3 million $200 trillion
2009 $151 million $130 million $146 million $213 trillion
2011 $191 million $160.6 million $168.8 million $231 trillion
2011 $216.2 million $261 million $202.3 million $231 trillion
2012 $349 million $340 million $205.3 million $223 trillion
2013 $317.4 million $308 million $206 million $240 trillion
2014 $315 million $215 million  TBD
2015 $280 million TBD  TBD

Sources:

 

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SEC Budget Requests

Fiscal Year SEC Budget Requested SEC Budget Received
2015 $1.7 billion
2014 $1.674 billion $1.35 billion
2013 $1.566 billion $1.255 billion (after sequestration)
2012  $1.407 billion $1.19 billion
2011 $1.23 billion $1.19 billion

CFTC Enforcement Actions

 

Enforcement Actions Newly Opened Investigations
2013

82

290

2012

102

350

2011

99

450

2010

57

419

2009 (Gensler begins tenure)

50

SEC Enforcement Actions

Year-by-Year SEC Enforcement Statistics



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