House To Strip FX Derivatives Exemptions

19 Nov 2009

Exemptions for fx swaps and forwards will likely be stripped from draft derivative legislation, according to Rep. Barney Frank (D-Mass.), chairman of the House Financial Services committee.

Exemptions for fx swaps and forwards will likely be stripped from draft derivative legislation, according to Rep. Barney Frank (D-Mass.), chairman of the House Financial Services committee. Frank said in an interview with Risk Magazine that despite the fact that Obama administration supports the exemptions, they ...

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