Fingerprint, aggregation fears hit swap dealer countdown

October 12 is the deadline for institutions active in US over-the-counter markets to register as swap dealers. But tough aggregation rules – and a requirement to fingerprint top executives – are making it difficult for non-US dealers to comply. Peter Madigan reports


If Deutsche Bank wants to continue trading over-the-counter derivatives with US counterparties, co-chief executive Anshu Jain will first have to press his fingers on to an ink pad and transfer the prints to an 8-R form that will be sent to the National Futures Association (NFA) in the US, for a fee of $85. Afterwards, the form may be given to the Federal Bureau of Investigation (FBI) so it can run a criminal check. Dozens of the bank’s board members, top executives, business line heads and

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

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 individual account here