
Footnote 513 exceeds CFTC's statutory brief: O'Malia

The recent clarification of footnote 513 of the Commodity Futures Trading Commission's (CFTC) cross-border rules, which significantly widened the geographical scope of US regulatory oversight, has been criticised by CFTC commissioner Scott O'Malia as being outside of the organisation's statutory brief.
Asian dealers believed that footnote 513, issued by the CFTC in July, meant that swaps for foreign clients arranged by US-based traders or brokers and then booked through those firms' overseas
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Clearing
Investing
The closer quants look, the less diversifying crypto appears
Analysis seems to confirm that the asset class is not an effective diversification play
Receive this by email