Sector Regulation Sector Regulation

US CFTC proposal to exempt central banks from swaps-clearing requirements draws banks’ fire

By Neil Roland
  • 30 Jul 2020 16:40
  • 30 Jul 2020 16:40
The world’s central banks could unwittingly violate US Commodity Futures Trading Commission rules in swaps transactions with dealers unless the CFTC modifies a proposal to codify clearing exemptions for the banks, the Bank for International Settlements said.
The BIS, the Basel-based group of central banks, said the proposed exemption is

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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