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Regulatory Changes Coming Amid Vulnerabilities in FX, Swaps Compliance 

March 26, 2014
Jeff Paterson, Forex Magnates

Lingering questions into the proper regulation of swaps and forex transactions have revealed stark vulnerabilities in the oversight of these instruments, leading to speculation that regulatory changes may be on the horizon from organizations such as the Commodity Futures Trading Commission (CFTC).

These feelings were underscored during last week’s release of a detailed questionnaire by the CFTC, seeking clarification on the proper implementation of swap-data reporting under the Dodd-Frank Act rules – the commission hopes to use this feedback to ultimately propose and foster changes for regulators to supervise the swaps market.

CFTC Fortifying Compliance on Multiple Fronts

Indeed, the US regulator has been involved in a number of actions and charges lately, specifically in clamping down on fraudulent forex transactions and other violations.

Read more: Forex Magnates

 
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