Isda members to qualify as swap dealers, says Gensler
“Under your own by-laws, a firm is only eligible to be a primary member if it deals in derivatives for purposes other than risk hedging or asset and liability management,” Gensler told attendees at an Isda regional conference in New York on September 16. “So it is likely that if you fall under that primary member definition and want to do business here in the US, you’re likely to want to register as a swap dealer. Two hundred and nine of your members are called primary members.”
While Isda’s
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