Swap dealers open full-court press on US CFTC to ease dealer-capital proposal
By Neil Roland
June 24, 2020, MLex
Banks and other swap dealers have launched a full-court press on Heath Tarbert, head of the US Commodity Futures Trading Commission, and other officials to ease dealer-capital requirements in a CFTC proposal.
Fourteen representatives of Goldman Sachs, Morgan Stanley and Nomura, as well as representatives of Sifma, the Institute of International Bankers and ISDA, spoke with Tarbert on a May 29 call, according to a CFTC document. Also on the call was a lawyer for the BP oil company, a nonbank swap dealer.
