US Airline Wins Dodd-Frank Real-Time Reporting Delay

Nov 12, 2014

"Many times when a regulator issues a no-action letter, the relief granted is industry-wide. This is not a case like that. But, of course, any firm that has a similar fact situation will want similar relief, and I expect the firm would be able to get the same treatment. And then at some point, if enough firms request the relief, the CFTC, as a commission, would likely propose a broader market-wide exemption or rule amendment."

- Steven Lofchie comments in Risk.net on a no-action letter issued by the U.S. Commodity Futures Trading Commission (CFTC) to Southwest Airlines on November 6 that may herald a broader shift in the CFTC's policy of requiring commodity derivatives end-users to report their swap trades in real time.

CadwaladerSpotlight

IMN's 6th Annual Investors' Conference on European CLOs and Leveraged Loans

Nick Shiren and Daniel Tobias will be speaking at this key industry event on April 2 in London.

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