Dialogue needed on Sef confirmations - GFXD

- By Robert Mackenzie Smith
- 07 Nov 2013

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Market participants need to work with each other and with regulators to meet the latest extensions issued by the US Commodity Futures Trading Commission (CFTC) for certain requirements pertaining to foreign exchange transactions on swap execution facilities (Sefs), according to the global FX division (GFXD) of the Global Financial Markets Association, which has been at the centre of the industry's lobbying efforts.

Following the expiry of an initial set of no-action relief letters last week, the

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