CFTC Staff Releases Swap Dealer De Minimis Exception Final Staff Report08.17.2016 By John D'Antona Editor, Traders Magazine
CFTC.gov – Washington, DC – The Division of Swap Dealer and Intermediary Oversight of the U.S. Commodity Futures Trading Commission (CFTC or Commission) today issued the Swap Dealer De Minimis Exception Final Staff Report. The Final Report supplements the Swap Dealer De Minimis Exception Preliminary Report issued on November 18, 2015.
The current de minimis threshold for swap dealer registration of $8 billion is scheduled to decrease to $3 billion in December 2017, unless the Commission takes further action. The Preliminary Report used available swap data to assess the de minimis exception level in light of the policy goals for swap dealer registration, and requested public comment on the report. The Final Report summarizes the public comments received in response to the Preliminary Report and provides further data analysis. It also discusses the de minimisexception alternatives noted in the Preliminary Report and identifies issues for the Commission’s consideration.
Solution enables financial firms to better determine ESG credentials for clients and their supply chains.
Status grants clearing members clarity on the regulatory treatment of their exposures to OCC.
Stephanie Dumont and Ola Persson of FINRA reflect on advances in fixed income transparency.
Asset manager anticipates an SEC decision on converting its fund to a spot bitcoin ETF by early July.
The EU Parliament’s report substantially extends the coverage of the label.