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For Immediate Release
March 25, 2019
ABA Media Contact: Jeff Sigmund
(202) 663-5439
Follow us on Twitter: @ABABankers

ABA Applauds CFTC Final Rule on De Minimis Exception

By Rob Nichols, ABA president and CEO

​“We applaud the CFTC for today’s final rule, which will facilitate the ability of insured depository institutions to help their customers manage risk by offering swaps in connection with their loans. Today’s action – which ABA has long supported – will ensure businesses can retain these activities within the banking system rather than being forced into more costly alternatives to hedge risk. This action will further promote greater financial efficiency and economic growth within the parameters of sound risk management.”
The American Bankers Association is the voice of the nation’s $17.9 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $14 trillion in deposits and extend more than $10 trillion in loans.