CFTC Approves Rules Regulating Swaps Market

Law360, New York (January 11, 2012, 6:29 PM EST) -- The U.S. Commodity Futures Trading Commission on Wednesday approved rules aimed at providing further protections for the swaps market, including a rule calling for the segregation of customer collateral funds for cleared swaps.

The commission voted 4-1 to approve the segregation rule, unanimously to approve a rule requiring registration of swap dealers and major swap participants, and 4-1 to approve a rule creating standards for swap dealers and major swap participants' business conduct with counterparties, also known as external business conduct.

The rules are the latest...
To view the full article, register now.