Banks must prove they're following 60-second swaps rule

04/30/2013 | Bloomberg

The world's biggest banks have until Friday to prove to the Commodity Futures Trading Commission that they are complying with the 60-second rule for accepting or rejecting trades for clearing as mandated by the Dodd-Frank Act. In November, the CFTC gave some banks a three-month delay for complying with the rule.

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