House Votes To Limit CFTC Cross-Border Swaps Oversight
The Swap Jurisdiction Certainty Act, H.R. 1256, passed the House 301-124 and now moves to the Senate. The bill would would permit foreign units of U.S. firms to comply with local, rather than U.S., requirements on capital, as long as the local jurisdiction has regulations sufficiently similar to those of the U.S.
The bill also would require...
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