United States:
CFTC Adopts Final Rule Amending De Minimis Exception To Swap Dealer Definition
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On March 25, the CFTC adopted a final rule amending the de
minimis exception to the definition of "swap dealer."
Under the final rule, swaps entered into by Insured
Depository Institutions (IDIs) in connection with loans to
customers would not count towards the $8 billion aggregate notional
amount threshold used in the de minimis exception. Release. Final Rule.
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