Treasury timeline on FX exemption decision still unclear
The US Department of the Treasury has said a decision on whether to exempt foreign exchange swaps and forwards from the clearing requirements of the Dodd-Frank Act will be made by July, despite press speculation earlier this month that an exemption could be imminent.
"The agency will likely make a determination before the Commodity Futures Trading Commission's rules are issued in July," said a Treasury spokesperson.
The Treasury completed an industry consultation on a possible exemption on
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