July 18, 2012
Understanding Extra-territoriality, Swap Dealers and Major Swap Participants, via LinkLaters
Noah Melnik is a lawyer with LinkLaters who runs a useful blog (here) which you should follow. He has posted via LinkedIn a PDF for LinkLater's clients on how extra-territoriality works, along with the rules for registering as a Swap Dealer (SD) or Major Swap Participant (MSP). The note is important for any firm outside the US, especially those with a hub and spoke risk booking structure, who may need to understand how the CFTC rules reach out beyond the borders of the US. Here is the PDF.
Popular
Most Viewed
Articles
Jun. 20, 2022
Regulatory change and data fragmentation are key challenges for 85% of firms
Jun. 13, 2022
Driving competitive advantage from FX TCA to LPA
Jun. 09, 2022
Three leading banks join CLSNet
Jun. 08, 2022
FMSB – Financial markets misconduct in global capital markets
May. 31, 2022