FX swaps and forwards gain exemption from Dodd-Frank

11/18/2012 | Bloomberg · Reuters · Wall Street Journal, The

Despite opposition from some Democratic lawmakers and regulators, the U.S. Treasury Department elected to exempt foreign exchange swaps and forwards from the Dodd-Frank Act. "Unlike other derivatives, FX swaps and forwards already trade in a highly transparent, liquid and efficient market," the department said. Market participants welcomed the move.

View Full Article in:

Bloomberg · Reuters · Wall Street Journal, The

Published in Brief: