CFTC Clarifies Swaps Definitions

Gary Gensler, chairman, CFTC

In testimony given before the US House Committee on Agriculture earlier today, Gary Gensler, chairman of the US Commodity Futures Trading Commission (CFTC), elaborated on the regulator's proposed definitions of who qualifies as a swap dealer or swap participant, and who can be excluded from futures and swap regulation, under proposed Dodd–Frank rules.

The CFTC is studying public comments on its swaps rules proposals and plans to set final rules throughout the spring, summer and autumn of this

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