US regulators seek public input for a joint CFTC-SEC study on international swap regulation
25 July 2011
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that the CFTC and the SEC jointly study and then report to Congress on swap regulation and clearinghouse regulation in the United States, Asia and Europe.
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have approved for publication in the Federal Register a request for comment that is expected to assist in conducting a joint study on international swap regulation.
The report to Congress must identify areas of regulation that are similar and other areas of regulation that could be harmonised. In addition, the report must identify major swap contracts, dealers, exchanges, clearinghouses and regulators in each geographic area, and must describe the methods for clearing swaps and systems used for setting margin in each area.
Press release
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