On the recordFebruary 13, 2013
Required clearing of interest rate and credit index swaps between financial entities begins next month.
Source
congress.govRequired clearing of interest rate and credit index swaps between financial entities begins next month.
Gensler announces the upcoming requirement for clearing swaps.
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The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
If I can say, breaking the law and not liking the law are different than lack of clarity.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.
The only thing political is protecting the American public, which I think Members of both sides of the aisle will probably agree with.