Trade bodies warn of CFTC capital rules effects on swaps
Financial industry lobbyists have told the US Commodity Futures Trading Commission (CFTC) that its proposed revisions to swap dealers’ and major swap participants’ capital requirements will have “a significant negative impact on the US swaps market”.
The Institute of International Bankers, the International Swaps and Derivatives Association and the Securities Industry and Financial Markets Association issued the warning when responding to the CFTC’s call for comments on the proposed rule.The proposal, first published in 2016, would create liquidity, notification and reporting requirements for ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com