By Nick Paraskeva, for Compliance Complete
NEW YORK, May 29 (Thomson Reuters Accelus) - New U.S. rules requiring many over-the-counter derivatives to be traded on swap execution facilities and exchanges will have a major impact on the compliance and risk processes of market participants. Price quotation, execution and trade reporting requirements adopted last week by the Commodity Futures Trading Commission aim to bring transparency to the previously unregulated swaps markets.
The rules contain some concessions in response to industry lobbying against earlier proposals, but they did not squelch the opposition. (more…)