Reuters: Regulatory News: US Treasury issues Dodd-Frank exemption for forex swaps, forwards

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US Treasury issues Dodd-Frank exemption for forex swaps, forwards Nov 16th 2012, 22:34 WASHINGTON | Fri Nov 16, 2012 5:34pm EST WASHINGTON Nov 16 (Reuters) - Foreign exchange swaps and forwards, which make up a large portion of the over-the-counter derivatives market, will not be subjected to certain costly new rules associated with the Dodd-Frank reform law, the U.S. Treasury Department said on Friday. Treasury, in justifying the exemption, said those products already have systems in place to help reduce market risk. Forex swaps and forwards will still, however, face reporting and business conduct requirements.

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