Release Number 8677-23
CFTC Statement on Swaps Rules Implicated in Recent Bank Failures
March 16, 2023
Washington, D.C. — The Commodity Futures Trading Commission today issued a statement on certain swaps impacted by the failures of Silicon Valley Bank and Signature Bank solely related to the transfer of such swaps to bridge banks by the Federal Deposit Insurance Corporation.
The statement is available on the CFTC’s website at: https://www.cftc.gov/PressRoom/SpeechesTestimony/commissionstatement031623