Islam, Islamic, Islamic News, Fatwa's and Islamic Business/Finance with Islam Online

Swaps Registry, Prepaid Cards, Goldman Stock: Compliance


03 Jan 2013 08:24 GMT   التعليقات ()       إضافة تعليق       طباعة       إرسال لصديق


Units of JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and Barclays Plc (BARC) are among banks that registered as swap dealers under the Dodd-Frank Act that requires higher capital, collateral and trading standards.

The list of firms referred to as "provisionally registered" included Societe Generale SA (GLE), Macquarie Bank Ltd., Newedge USA LLC, Morgan Stanley (MS) and Standard Chartered Bank (STAN), according to the website of the National Futures Association. No firms were listed as major swap participants, a lower threshold under Dodd Frank for activity that may capture energy companies or hedge funds.

The rules, more than two years in the making, will improve oversight of a market that for three decades has largely escaped federal regulation, Commodity Futures Trading Commission Chairman Gary Gensler said Oct. 10.


Sukuk.me Wire External Story From Source: Bloomberg - Read full article here

Sukuk.me is not responsible for the content of external internet sites

Source:

Loading comments ...