IRS Publishes Proposed Regulations On Swaps And Notional Principal Contracts

Mondaq Business BriefingUnited States Law Articles in English (2011)

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IRS Publishes Proposed Regulations On Swaps And Notional Principal Contracts

In response to the financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") to, among other things, increase regulation of the capital markets. In Congress's attempt to increase regulation, Dodd-Frank requires the Commodity Futures Trading Commission ("CFTC") to establish a comprehensive regulatory framework for swaps,1 which includes the trading of...

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