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ABA: The American Bankers Association
Final Rule

CFTC: Amendments to Clearing Exemption for Swaps Entered Into by Certain Bank Holding Companies

Final Rule: October 26, 2020 Published Proposal: August 28, 2018 Comments Due: October 28, 2018 Disposition: Filed

Summary

The Commodity Futures Trading Commission is proposing rule amendments pursuant to its authority under section 4(c) of the Commodity Exchange Act to exempt from the clearing requirement set forth in section 2(h)(1) of the CEA certain swaps entered into by certain bank holding companies, savings and loan holding companies, and community development financial institutions. 

See ABA's Derivatives page for more on this topic.

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Ananda Radhakrishnan

Ananda Radhakrishnan

Vice President, Bank Derivatives Policy & General Counsel, ABASA

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