US Treasury proposes rule exempting forex swaps from Dodd-Frank regulation

Late last month, the US Treasury proposed that foreign exchange (forex) swaps be exempt from Dodd-Frank Regulation.     If forex swaps were to come under regulation, they would be required to be traded transparently on open trading platforms and cleared though clearinghouses.    Some experts say that this would drive up operations costs.     The Dodd-Frank Act requires all other types of swaps come under regulation by the relevant … [Read more...]

US Treasury proposes rule exempting forex swaps from Dodd-Frank regulation

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Late last month, the US Treasury proposed that foreign exchange (forex) swaps be exempt from Dodd-Frank Regulation. If forex swaps were to come under regulation, they would be required to be traded transparently on open trading platforms and cleared though clearinghouses. Some experts say that this would drive up operations costs. The Dodd-Frank Act requires all other types of swaps come under regulation by the relevant agency; however, an … [Read more...]