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SEC To Take Lighter Touch On Swap Rules Than CFTC
The U.S. Securities and Exchange Commission is said to be using a lighter touch than co-regulator the U.S. Commodity Futures Trading Commission in developing regulations for swap trading platforms, reports Reuters.
The U.S.Securities and Exchange Commissionis said to be using a lighter touch than co-regulator the U.S.Commodity Futures Trading Commissionin developing regulations for swap trading platforms. The CFTC’s initial proposals were met with criticism by the commissioners as being too inflexible; the SEC is said to be taking a more balanced approach.