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 >>
