Banks track US-facing business to avoid swap dealer tag

Less than half of the world’s largest banks have registered as swap dealers, with many absentees saying they are now monitoring and limiting their US-facing business. Other banks see the rules as a chance to corner their local market

leif-lindahl-3-web
Leif Lindahl, head of Danske Markets New York

CLICK HERE TO VIEW THE ARTICLE IN FULL

China Construction Bank, Intesa Sanpaolo and Rabobank are among the world's 30 biggest banks by assets, but may not look to have much else in common. One is a Chinese titan, another is Italy's second-biggest bank and the third is a Dutch co-operative. The hidden connection is that none have registered with the Commodity Futures Trading Commission (CFTC) as a swap dealer – a regulatory category introduced by the US Dodd-Frank Act to ensnare derivatives

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here