CFTC Proposes “Phased Compliance Program” for Offshore Swaps

Similar to an on again, off again romance, the CFTC’s rules regarding registration of offshore swap transactions and participants is on again. Back in late June, the Commission had scheduled a “round table” discussion with market makers to discuss proposed new rules.    But the meeting ended at the eleventh hour as an internal debate over the rulemaking heated up.   Now, it has been widely reported that the CFTC has finally agreed … [Read more...]