The Commodity Futures Trading Commission is working to “troubleshoot” issues in transitioning CFTC-regulated derivatives contracts from the London Interbank Offered Rate to the new Secured Overnight Financing Rate, CFTC Chairman Christopher Giancarlo said today.

The Commodity Futures Trading Commission voted today to maintain the swap dealer de minimis threshold at $8 billion on a permanent basis.

In a comment letter to the Commodity Futures Trading Commission today, ABA offered support for a proposal that would exempt from clearing requirements certain swaps entered into by financial holding companies with less than $10 billion in assets. The rule would formalize relief for bank holding companies and savings and loan holding companies provided via a CFTC staff no-action letter ...

In response to the Commodity Futures Trading Commission’s notice of intent to extend information collection on certain swap transactions, ABA urged the commission to amend the pertinent regulation. At issue is an annual reporting requirement for banks engaging in swap transactions that qualify for an exemption to the CFTC’s swaps clearing requirement. The duration of these swaps is typically five ...

In a white paper published today, Commodity Futures Trading Commission Chairman Christopher Giancarlo called for changes to the CFTC’s regulatory framework for internationally traded swaps and highlighted several problems with its current approach.

To facilitate compliance with their rules regarding qualified financial contracts of systemically important banks, the federal banking agencies today finalized a rule clarifying that legacy swaps -- those entered into before the margin rules’ compliance dates -- do not become subject to margin requirements provided they are amended solely to comply with QFC rules.

The Commodity Futures Trading Commission today proposed a rule that would exempt from clearing requirements certain swaps entered into by financial holding companies with less than $10 billion in assets.

The Commodity Futures Trading Commission yesterday unanimously adopted rule amendments simplifying its regulations governing chief compliance officer duties and annual compliance reporting requirements for registered swap dealers, major swap participants and futures commission merchants.

ABA today welcomed the Commodity Futures Trading Commission’s proposal to set the swap dealer de minimis threshold at $8 billion on a permanent basis while noting that it could be set even higher or, preferably, replaced with a risk-based threshold instead of a fixed aggregate gross notional amount of swaps.