CFTC paves way for no-deal Brexit swaps transfers

Brexit deadline — Interim final rule aims to provide regulatory certainty in the event of no-deal Brexit

Joanna Wright
26 Mar 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Uncleared legacy swaps transferred out of the UK to affiliates elsewhere would be safe from costly US margin requirements in the event of a no-deal Brexit, after the Commodity Futures Trading Commission (CFTC) adopted an interim rule that echoes relief granted by Europe’s supervisory authorities in November.

The catch, however, is that both sets of rules become effective only in the event that the UK crashes out of the European Union without a withdrawal agreement in place, effectively

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

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 info@risk.net

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 info@risk.net

You already have an account with us*. Sign in below to continue.