CFTC’s Division of Clearing and Risk Provides No-Action Relief to Certain Foreign Financial Institutions From Swap Clearing Requirements

On November 7, the Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) published Staff Letters 17-57, 17-58 and 17-59 (Staff Letters), which provided Banco Centroamericano de Integración Económica, the European Stability Mechanism, and the North American Development Bank, respectively, with no-action relief from the swap clearing requirements set forth in Section 2(h)(1) […]

An Aggressive Hedge Fund Guru

Paul Singer (Trades, Portfolio) runs the oldest hedge fund on Wall Street, one that is now celebrating its 40th anniversary. And his clients have had good reason to stick with him: He has delivered net average annual returns of almost 14%, but there has been a lot of drama along the way. He has been called the […]