As an addendum to last week's post on the SEC and CFTC's new push for more transparency on real time reporting of swap trades, a new article in Reuters details how the US will be set to decide if to exempt foreign exchange swaps and forwards from these new derivatives regulations. The US government is going through all legitimate comments made by the public that argue a risk involved.
Politicians criticize that if such exemptions were to be honored it would create loopholes in the system. What do you think?
