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

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

US Treasury issues Dodd-Frank exemption for forex swaps, forwards Nov 16th 2012, 22:56 WASHINGTON | Fri Nov 16, 2012 5:56pm 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.

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