Reuters: Regulatory News: Risk management rules for swaps players win approval-CFTC

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Risk management rules for swaps players win approval-CFTC Aug 27th 2012, 16:37 By Alexandra Alper WASHINGTON | Mon Aug 27, 2012 12:37pm EDT WASHINGTON Aug 27 (Reuters) - Major swaps players will face new risk management requirements under rules finalized by the Commodity Futures Trading Commission on Monday. The rules, which the agency approved unanimously in a closed-door vote, will dictate the way major swaps industry participants document and reconcile their swaps trades. They also detail how swaps will be valued and netted. "Proper documentation of swaps is critical to reducing risk in the bilaterally traded swaps market," the CFTC said in a statement. The CFTC was tasked by the 2010 Dodd-Frank financial reform with increasing transparency and limiting risk in the $650 trillion over-the-counter swaps market, which was heavily implicated in the 2007-2009 financial crisis. The risk management rules were first proposed in December 2010.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions