CFTC reveals cross-border swaps compliance agenda

Author: | Published: 24 Oct 2012

The Commodities Futures Trading Commission (CFTC) will finalise guidance on the cross-border application of the Dodd-Frank Act by and phase-in compliance with swaps rules in 2013, CFTC Chairman Gary Gensler has announced.

CFTC rules require transactions with a direct and significant effect on US commerce or activities be subjected to US compliance requirements. The Securities & Exchange Commission (SEC) did not receive a...