HSBC deregisters Asian arm as a swap dealer due to lack of US person trades


HSBC has deregistered its Asian business as a swap dealer with the Commodity Futures Trading Commission (CFTC) due to business with US persons falling "well below" Dodd-Frank's $8 billion de minimis requirement to register with US regulators.

HSBC deregistered its Hong Kong-based entity, Hongkong and Shanghai Banking Corporation (HBAP) on December 3, 2013, ahead of the CFTC's December 21 deadline for the introduction of cross-border reporting requirements that would have proved onerous from a co

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: