Agency grants extension till May 15 for European swap-trading platforms to demonstrate that they don't require U.S. oversight.
By Silla Brush, Bloomberg|March 25, 2014 at 08:27 AM|Originally published on Treasuryandrisk.Com
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The Commodity Futures Trading Commission (CFTC) is giving European swap-trading platforms until May 15 to show they offer sufficient competition between banks and other firms to remain exempt from direct U.S. oversight.