AFR in the News: Swap Regulators Said to Weigh Dealer Threshold of $8 Billion
Swap Regulators Said to Weigh Dealer Threshold of $8 Billion -Silla Brush (Bloomberg)
April 11, 2012
“U.S. derivatives regulators are considering a threshold as high as $8 billion for determining which banks, hedge funds and energy firms are swap dealers under the Dodd-Frank Act, according to two people briefed on the rule…A threshold of $3 billion or more could exclude energy companies and proprietary traders from swap-dealer regulations, according to Marcus Stanley, policy director for Americans for Financial Reform, a Washington-based coalition including labor unions that oppose setting the bar that high.” Click here for more.