Dodd-Frank: forex swap clearing exemption at Treasury secretary’s discretion

Blanket forex exemption dropped from final bill; Treasury to determine issue


Foreign exchange (forex) derivatives markets are pondering the implications of the decision to include forex swaps and forwards in the mandatory clearing requirement in the final version of the US financial regulatory reform bill. 

The congressional conference committee reconvened for an extraordinary session on the evening of June 29 after senator Scott Brown sent a letter to Barney Frank, chairman of the House Committee on Financial Services, and Christopher Dodd, chairman of the Senate

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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