Search
 

CFTC Cracks Down on Overseas Derivatives Trade

Regulator seeks to limit banks' ability to evade Dodd-Frank restrictions by doing trades overseas.

By Jesse Hamilton | Updated on May 25, 2016

The top U.S. derivatives regulator is cracking down on Wall Street banks’ ability to evade Dodd-Frank Act restrictions by moving some of their swaps trades overseas.

The Commodity Futures Trading Commission in a 2-to-1 vote gave final approval to a rule that broadens the circumstances in which banks’ foreign units must adhere to U.S. collateral requirements, according to a statement released Tuesday. The CFTC took action after some of Wall Street’s biggest swaps dealers had stopped guaranteeing some trades booked overseas, meaning they didn’t have to fully comply with Dodd-Frank.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.