Non-US banks are wary as CFTC exemptive order nears end

05/7/2013 | Risk magazine (subscription required)

An exemptive order from the US Commodity Futures Trading Commission offers a narrower definition of "US person", which largely determines who must comply with certain swaps rules under the Dodd-Frank Act. The order expires on 12 July, prompting concerns among non-US banks.

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