A CFTC no-action letter means that the commission will not take enforcement action against the JSCC for clearing swaps for US clients and US customers will gain access to better pricing and liquidity.
The CFTC has paved the way for US Customers to access Japan’s Yen swap market, in what has been described as a regulatory victory for hedge funds.
According to a Japan Securities Clearing Corporation (JSCC) press release, the CFTC last week allowed the JSCC to expand its clearing services
The
Subscribe for free to read a limited selection of articles like this one, or get a premium plan for unlimited access to all of them and more.
