Dodd-Frank requirements concern foreign entities

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

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

View Full Article in:

Risk.net (subscription required)

Published in Brief: