Dodd-Frank requirement worries foreign entities

07/1/2011 | Risk.net (subscription required)

The Dodd-Frank Act requires derivatives transactions conducted with U.S. banks to go through central counterparties and trade repositories. The Federal Reserve and the Treasury are exempt from the requirement, but other central banks and sovereign-backed entities have not been exempted. The situation has caused an uproar in Asia and Europe, insiders said.

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