Details

  • Service: Advisory
  • Industry: Investment Management, Financial Services
  • Type: Regulatory update, White paper
  • Date: 10/18/2012

Buy-side central clearing under the Dodd-Frank Act 

The Dodd-Frank Act sets out a new structure for regulating swap market participants, intermediaries, trading platforms, and clearing entities.

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Central clearing is a critical component of the Dodd-Frank Act’s regulatory regime for swaps and one of its primary means of reducing systemic risk in the financial markets. In the first phase of central clearing, certain credit default swaps and interest rate swaps will be subjected to mandatory clearing shortly followed by nondeliverable FX forwards.