Stop/start for Dodd-Frank’s swaps rules

The Dodd-Frank Act, nearly three years old this summer, continues its slow, inexorable pace of implementation. In some respects, the financial landscape has changed unequivocally; in others, the final results of change remain to be seen, as the industry awaits additional rulemaking. Most of the current regulatory milestones impact only participants in the OTC swaps markets, but the exchange-traded derivatives world is changing alongside, and there are some challenging times ahead for all market participants.

While swap dealers quietly met the March 11 deadline for clearing interest rate swaps and index credit default swaps, there has been a lot of noise recently about the fact that (in spite of the June 10 deadline) so many buy-side firms have yet to begin the process of migrating to clearing. To make already complex matters worse, the CFTC has indicated that the rules surrounding SEFs (swap execution facilities) are unlikely to be finalized until May.

But, for now at least, the buy-side can breathe a sigh of relief that some of the swap reporting requirements have been deferred. At the FIA New York Expo earlier this month one buy-side panellist literally did just that!

With so much going on (or not), we thought a quick update might be in order…

Leave A Comment

Copyright © 2017 Fidessa group plc. All rights reserved.

The information contained within this website is provided for informational purposes only. Fidessa will use reasonable care to ensure that information is accurate at the time it is made available, and for the duration that it remains on the site. The information may be changed by Fidessa at any time without notice. We also reserve the right to close the website at any time. No representation or warranty, expressed or implied, is given on behalf of Fidessa or any of its respective directors, employees, agents, or advisers as to the accuracy or completeness of the information or opinions contained herein or its suitability for any purpose and, save in the case of fraud, all liability for direct, indirect, special, consequential or other loss or damages of whatever kind that may arise from use of the website is hereby excluded to the fullest extent permitted by law. Any decisions you make based on the information in this website are your sole responsibility and information on the website should not be relied upon in connection with any investment decision.

The copyright of this website belongs to Fidessa. All other intellectual property rights are reserved.

Reproduction or redistribution of this information is prohibited except with written permission from Fidessa.