Joint CFTC-SEC Study on International Swap Regulation
The Commodity Futures Trading Commission and Securities and Exchange Commission have published a request for comment in connection with a joint study and report to Congress on international swap and clearinghouse regulation. The study and report, required under section 719(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, must identify major swap contracts, dealers, exchanges, clearinghouses and regulators in the United States, Asia and Europe; describe the methods for clearing swaps and systems used for setting margin; and indicate similar areas of regulation for harmonization. Comments must be received within 60 days of the publication of the request for comment in the Federal Register.
