SIFMA questions CFTC swap-dealer registration rule

10/23/2012 | Securities Technology Monitor

SIFMA CEO Tim Ryan said at the organization's Annual Meeting in New York that the Commodity Futures Trading Commission's plans to make all "non-U.S. persons" register as swap dealers in the U.S. are too extreme. Ryan said the proposal "breaks from standards of international comity by giving U.S. regulators unprecedented regulatory scope over activities taking place in Europe, Asia and other jurisdictions."

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