SEC, CFTC Seek Input On Whether SVCs Are Swaps

Law360, New York (August 19, 2011, 3:22 PM EDT) -- Regulators asked for comment Thursday about whether stable value contracts — investment agreements offered by banks and insurers often found in worker savings plans — should be regarded as swaps and regulated as such under the Dodd-Frank financial reform law.

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission asked for public comment in a notice posted in the Federal Register ahead of a regulatory decision that could affect whether investors — who currently have hundreds of billions of dollars parked in stable value...
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