The CFTC proposed in May to expanded existing exemptions to its swaps clearing requirements. This proposal not only flies in the face of what Congress intended when it created the swap clearing requirements through the Dodd-Frank Act, it also adds another layer of unnecessary complexity to the already byzantine rules governing derivatives markets. Read more in our full comment letter here or by clicking the button below.
July 13, 2020
Better Markets Issues Comment Letter on the CFTC’s Proposed Expansion of Clearing Exemptions for Additional Financial Institutions