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CFTC Warns Derivatives Clearinghouses against Expansion into Crypto
US derivatives regulator, the Commodities Futures Trading Commission (CFTC), has warned Derivatives Clearing Organizations (DCOs) against the risk involved in the expansion of their clearing services into digital assets. DCOs are firms that match and settle derivatives contracts based on underlying assets such as stocks, bonds or currency. "In the past several years, [CFTC] Division of Clearing and Risk (DCR) has observed increased interest by DCOs and DCO applicants in expanding the types of pr...
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Posted: May 30 2023, 22:31
Author Name: financemagnates
Views: 112672