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29 Mar

Lawmakers to CFTC: keep swap dealer rule narrow

WASHINGTON (Reuters) - Two U.S. lawmakers warned regulators on Thursday not to cast too wide a net over companies that trade swaps as the agency works to finalize rules defining who is designated as a swap dealer. In a letter to Commodity Futures Trading Commission Chairman Gary Gensler, the top Democrat and top Republican on the Senate and House of Representatives agriculture committees said they feared an overly broad definition would harm businesses that use swaps to hedge risks, such as oil price moves or interest-rate fluctuations. …

Original post by Reuters and software by Elliott Back



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