Participants discussed the proposed requirements to mitigate conflicts of interest in Derivatives Clearing Organizations, Designated Contracts Markets, and Swap Execution Facilities. The discussion focused on the effects the proposed structural governance requirements may have on Bloomberg. Staff invited Bloomberg to submit an additional comment letter.
During a break at a Congressional hearing, participants discussed the issues concerning the entity definitions rulemaking, including the definition of eligibile contract participant and the meaning of the phrase "in connection with originating a loan" with respect to an exclusion from the statutory swap dealer definition.
External Meetings: Conversation with Chatham Financial
During a break in a Congressional hearing, participants discussed the swap dealer definition, in particular whether the definition includes municipal electricity cooperatives.
External Meetings: Meeting with European Bank for Reconstruction and Development