Dealers working to keep Asian entities outside Dodd-Frank
As the CFTC prepares to finalise its rules on extraterritoriality, some firms in Asia are working to minimise the impact on non-US entities
US and non-US banks in Asia are working to minimise the potential impact of the Dodd-Frank Act by re-organising their operations to minimise trading with US counterparties in the region.
The shift is in response to proposed guidance on the cross-border application of Dodd-Frank, published by the Commodity Futures Trading Commission (CFTC) in June. Under those guidelines, foreign entities must
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