WASHINGTON (Reuters) - The US regulator I derived Thursday proposed expanding the universe of interest rate swaps that must be eliminated through a central organization, as part of its efforts to harmonize standards with those of the United States abroad.
said the Futures Trading Commission Commodity your requirement proposed swap exchanging cash flow interest rate will be consistent with those of Australia, Canada, European Union, Hong Kong, Mexico and Singapore.
Since the credit crisis 2007-09, regulators around the world have worked for varieties of swaps route through clearinghouses, companies that stand between buyers and sellers and help reduce the risks.
Already existing CFTC rules say that swaps the British pound, the Japanese yen or the euro, as well as those related to LIBOR and EURIBOR floating rate indices, should be clarified.
The proposal would include the Hong Kong and Singapore Australian dollars, Canadian ,, as well as the Mexican peso, the Swiss franc, Polish zloty, and the crowns of Sweden and Norway. Also cover the BBSW, CDOR, HIBOR, TIIE, WIBOR, SOR-Stibor VWAP and floating rate indices.
