FX Invest North America: Extent of FX exemption still unclear
Foreign exchange market participants need to be aware of the potential limitations of the US Treasury exemption from certain Dodd-Frank requirements for FX swaps and forwards, as a wider universe of instruments could be subject to the rules than some expect, according to panellists at FX Invest North America in Boston on Tuesday.
The US Treasury announced its decision to exempt FX swaps and forwards from mandatory clearing and trading requirements in November 2012, but the exemption might only
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