Banks Register as Swap Dealers

Units of JP Morgan Chase, Goldman Sachs and Barclays sign up.

Units of JPMorgan Chase & Co., Goldman Sachs Group Inc. and Barclays Plc are among banks that registered as swap dealers under the Dodd-Frank Act that requires higher capital, collateral and trading standards.

The list of firms referred to as “provisionally registered” included Societe Generale SA, Macquarie Bank Ltd., Newedge USA LLC, Morgan Stanley and Standard Chartered Bank, according to the website of the National Futures Association. No firms were listed as major swap participants, a lower threshold under Dodd Frank for activity that may capture energy companies or hedge funds.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Advertisement. Closing in 15 seconds.