CFTC nears final rules on cross-border swaps

10/30/2012 | AutomatedTrader.net

The U.S. approach to cross-border swaps trading will be finalized soon, said Gary Gensler, chairman of the Commodity Futures Trading Commission. He noted that the CFTC has always honored regulations of other countries when those rules made sense. Concerns were raised this year when Gensler hinted that entities doing business with U.S. companies and all overseas U.S. entities would be subject directly to the Dodd-Frank Act.

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