Giancarlo postpones de minimis decision
Chairman of the Commodity Futures Trading Commission Christopher Giancarlo on Wednesday announced his intention to postpone a decision on the derivatives threshold that forces firms to register as swap dealers.
Rules mandated by the Dodd-Frank Act require many firms making a market in swaps to register as swap dealers, with the de minimis exemption doled out to those with swap positions that do not exceed $8bn in aggregate gross notional.But this threshold was only meant to last ...
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