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ARTICLE · 26 OCTOBER 2017

CFTC To Extend $8B De Minimis Threshold Through 2019

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

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Chairman Chris Giancarlo told the House Agriculture Committee that the CFTC will maintain the $8-billion swap dealer de minimis threshold at least through the end of 2019.

United StatesFinance and Banking

Chairman Chris Giancarlo told the House Agriculture Committee that the CFTC will maintain the $8-billion swap dealer de minimis threshold at least through the end of 2019. The threshold was scheduled to drop to $3 billion at the end of 2018, yet Giancarlo said the complexity of the controversial rule - which would require more firms to register as swap dealers - along with high staff turnover at the CFTC made it unwise to rush implementation. He also pledged to bring the issue to his fellow CFTC commissioners for a permanent resolution in 2018.

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Commissioner Behnam statement on de minimis threshold – CFTC

Commissioner Quintenz statement on de minimis threshold – CFTC

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