6 groups urge CFTC to extend cross-border exemption

06/10/2013 | Trade News (U.K.), The

ISDA, the Futures Industry Association and the Securities Industry and Financial Markets Association are among six organizations that have asked the Commodity Futures Trading Commission to grant a six-month extension on an exemption for cross-border swaps rules that expires July 12. "[T]he premature replacement of the Exemptive Order with final cross-border guidance, could jeopardize the productive and cooperative efforts underway towards meeting [Group of 20] commitments on an international basis," the groups' letter says.

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