CFTC Urged To Delay Overseas Swap-Unit Registration

09 Aug 2012

Societe Generale Corporate and Investment Banking and the Institute of International Bankers are calling on the U.S. Commodity Futures Trading Commission to delay required registration of foreign-based lender’s swap-dealing unit, set for October, until after the CFTC receives comments on a recent proposal on how the Dodd-Frank Act would apply to foreign-based banks and overseas unit of U.S.-based banks.

Societe Generale Corporate and Investment Banking and the Institute of International Bankers are calling on the U.S. Commodity Futures Trading Commission to delay required registration of foreign-based lender’s swap-dealing unit, set for October, until after the CFTC receives comments on a recent proposal on how the Dodd-Frank Act ...

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