Swap-to-Future Conversion Has Regulators Studying Rules
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The U.S. Commodity Futures Trading Commission is reviewing whether energy futures contracts that are replacing swaps on the largest exchanges have enough transparency before they are traded, Chairman Gary Gensler said.
The commission has scheduled a roundtable meeting with industry representatives for Jan. 31 to consider whether changes in oversight are needed after CME Group Inc. and Intercontinental Exchange Inc. began converting energy swaps to futures, a move that helps oil and gas traders avoid the stiffest Dodd-Frank rules for swap dealers.