Commissioner Giancarlo said the CFTC's $8bn and $3bn thresholds were arbitrary
The Commodity Futures Trading Commission
(CFTC) on Wednesday issued a preliminary report on swap dealer
registration thresholds, ahead of plans to reduce the threshold
from its current $8bn in notional swap dealing to $3bn, from
Under CFTC rules market participants who
exceed $8bn in in notional swap dealing over a 12-month period
are required to register with the regulator as swap dealers,
subjecting them to a more onerous set of rules, including tough
reporting, recording keeping and risk management
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