No Delay in Monday Swaps Deadline

Gensler rules out change to June 10 mandate for clearinghouse backing of swaps trades.

The Commodity Futures Trading Commission won’t delay enforcement of a June 10 deadline for swaps-market participants from hedge funds to small banks to start having their trades backed by clearinghouses, said Chairman Gary Gensler.

“They will be expected to clear come Monday,” Gensler told reporters today at a Sandler O’Neill & Partners LP conference in New York.

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