«If left unchanged, these capital rules will eventually cause
non-bank swap dealers to exit the business,» Dunaway said at the hearing.
That is because the CFTC rules, created as part of the 2010 Dodd - Frank financial reform law, allow banks to calculate capital needs using their own proprietary models but force
non-bank swaps dealers to use standardized models.
Not exact matches
Of the 84 registered
swap dealers, less than a quarter are
non-bank entities.