CFTC Chairman Giancarlo Unveils Swap Regulation Version 2.0

On April 26, 2018, Chairman J. Christopher Giancarlo and Chief Economist Bruce Tuckman of the U.S. Commodity Futures Trading Commission released a white paper entitled “Swap Regulation Version 2.0:  An Assessment of the Current Implementation of Reform and Proposals for Next Steps”. 

The White Paper covers five topics: (1) Regulation of swaps central counterparties; (2) Swap reporting; (3) Swaps execution; (4) Swap dealer capital; and (5) End-user exceptions.

The linked memo provides an overview of the White Paper and discusses potential implications and consequences associated with the White Paper’s proposals.