On September 8, the Commodity Futures Trading Commission approved a comparability determination permitting substituted compliance with certain Japanese margin requirements for uncleared swaps. As discussed in the Corporate and Financial Weekly Digest edition for May 27, the CFTC permits certain non-US swap dealers and major swap participants to comply with the margin rules of another jurisdiction if the CFTC determines the foreign requirements are comparable to the CFTC requirements.
Continue Reading CFTC Issues Comparability Determination for Japan Uncleared Swap Margin Rules