Meeting Date:
Friday, June 7, 2013
CFTC Staff:
Gary Gensler
Ryne Miller
Sarah Josephson
Carlene Kim
Laura Badian
Mark Fajfar
Erik Remmler
Susan Nathan
Organization(s):
International Institute of Bankers (IIB)
Cleary, Gottlieb, Steen & Hamilton
External Attendees:
Sally Miller (IIB)
Richard Kaufman (IIB)
Ed Rosen (Cleary, Gottlieb, Steen & Hamilton)
Colin Lloyd (Cleary, Gottlieb, Steen & Hamilton)
Additional Information:
The participants discussed issues in the cross-border guidance. In particular they discussed the major swap participant threshold as applied to non-U.S. persons, the definition of “foreign branch” of a U.S. person, and the application of the swap dealer registration requirement to non-U.S. persons that are guaranteed by U.S. persons.
