Commissioner Bowen calls for hard data to support lowering the threshold
The US Commodity Futures Trading
Commission has approved a one year delay in the threshold drop
for swap dealer registration, following months of discussion
over the threshold but questions remain over whether the move
will go ahead.
The CFTC was required under the
post-crisis Dodd Frank Act to register and oversee swap dealers
and establish a de minimis exception. Under this oversight, a
registered swap dealer must comply with certain regulations
designed to reduce risk and protect consumers.
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