Posts Tagged ‘Swap Dealers’
Another Common Sense Win For End-Users Under Dodd-Frank
Better late than never. Last week the CFTC provided a no-action letter recommending that the Commission does not enforce the requirement for inter-affiliate swap reporting under Part 45 governing Swap Data Repository (SDR) rules. Under these rules, a non-financial corporate that centralizes its hedging activity by consolidating its group needs into a larger dealer-facing swap…
Read MoreTwo years later, the Dodd-Frank train has left the station.
With the passing of the Swap Definition rule on Tuesday, July 10th the clock really starts ticking as some key rules are going into effect this fall. Any rational person would assume that before you write rules governing Swaps, you start with the simple task of defining the Swap. Unfortunately life in the derivative world…
Read MoreBack to the Future: House Votes to Put Margin Exemption Back into Dodd-Frank
This week the U.S. House of Representatives voted 370-24 to amend Dodd-Frank to allow non-financial end users to be exempt from being required to post margin for OTC derivative trades.
Read MoreReady to Report? Swap Dealers May Need to Report to SDRs as Early as July 2012
It is hard to see how Swap Dealers, MSPs, SEFs and DCOs can realistically and properly plan and implement a technology undertaking of this magnitude without having SDRs approved, let alone ready to go themselves.
Read MoreDeath & Taxes on Derivatives? Hopefully Not a Certainty For UK Bankers
The EC’s Financial Transaction Tax, however politically tempting, is not the answer to stimulate growth and create jobs
Read MoreReval Comments to CFTC on Margin Rules
Comments to the CFTC on Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants closed on Monday. Reval’s comment letter outlines potential impacts to end-users.
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