CFTC-PR-8852-24 CFTC Seeks Public Comment on Proposed Capital Comparability Determination for Swap Dealers Subject to Supervision by the UK Prudential Regulation Authority Date: Jan. 24, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8852-24 Categories: CFTC-2401 CFTC Request for Comments Swap Dealers PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF […]
Category: Swap Dealers
A Swap Dealer, as defined by the Commodity Futures Trading Commission (CFTC), refers to an entity that primarily engages in the business of buying and selling swaps, or is otherwise designated by the CFTC as a Swap Dealer based on its activities. Swap Dealers play a crucial role in the derivatives market by facilitating the trading of swaps, which are financial contracts that allow parties to exchange cash flows based on the performance of underlying assets, indices, or reference rates. The CFTC regulates Swap Dealers to promote market transparency, reduce systemic risk, and protect market participants. Swap Dealers are subject to specific regulatory requirements, including registration, reporting, recordkeeping, and business conduct standards, aimed at ensuring the integrity and stability of the derivatives markets they operate within.