The agency has been in contact with banking regulators about the Federal Deposit Insurance Corporation's transfer of qualified financial contracts from the failed banks to newly established bridge banks, it said in a notice published on its website.
The Commission will not launch enforcement actions against any counterparties that cannot meet agency reporting requirements for swaps contracts solely from the FDIC transfers, it said. Those may include business conduct, margin, clearing and trade execution requirements. Firms should "should use best efforts to fulfill their reporting obligations with respect to such swaps," the CFTC said.
They’re only helping depositors but the truth is they’re bailing banks and that’s one of the big coverups the system is doing! One day all the corruption will be exposed and the world will see it!
CFTC right now
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