Regulators Designate Swaps Clearinghouses Systemic
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A panel of U.S. regulators voted to designate swaps clearinghouses as systemically important, a step that would put them under heightened supervision.
The Financial Stability Oversight Council approved the designation of an initial set of so-called financial-market utilities as systemically important. The utilities, which weren’t named, may contest the designation. The council expects to make final designations “as early as this summer,” according to a statement issued by the U.S. Treasury Department.