Massad said a delay is need to "give us more time to consider this critical issue"
Commodity Futures Trading Commission chair
Timothy Massad has called for a one year delay to the
controversial plan to reduce the threshold for US firms to
register as swaps dealers due to take effect at the end of next
The US futures regulator is set to reduce
the threshold above which firms must register as swaps dealers
to $3 billion from $8 billion in December 2017 but the move is
facing increasing opposition, not least from Massad.
He said: "Today, I am announcing that I
will recommend to my fellow commissioners a one-year extension
of the date on which the swap dealer de minimis threshold is
scheduled to drop. This will be proposed through a Commission
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