The SEC reports that it has adopted “new rules and guidance … designed to increase transparency in the security-based swap market.” The additional rules, proposed by the SEC’s division of trading and markets as amendments to existing SEC rules intended to implement mandates under Dodd-Frank’s Title VII, are “related to rules regarding the regulatory reporting… Read More >>
SEC Closes Loophole for Security-Based Swaps
The SEC is moving to close a loophole in cross-border, security-based swaps trading that allows firms to sidestep U.S. regulation and facilitates regulatory arbitrage between markets in the U.S and the European Union. In a vote last week, the SEC adopted rules that “require a non-U.S. company that uses personnel located in a U.S. branch… Read More >>
SEC Spat over Regulation SBSR Goes Public
Two Republican commissioners of the SEC publicly criticized the agency’s handling of its newly passed Regulation SBSR last week, the latest in an ongoing spat over the regulation. On Wednesday, Feb. 11, SEC Commissioners Daniel M. Gallagher and Michael S. Piwowar released an open letter criticizing the SEC for adopting Regulation SBSR even though shortly… Read More >>
