Date: April 14, 2017
Issue: Regulatory Reform, Derivatives
To: Senators Michael Crapo and Sherrod Brown, Chairman and Ranking Member, Committee on Banking, Housing and Urban Affairs
Filing Type: Response to Request for Proposals
Details: The Coalition for Derivatives End-Users submitted a letter outlining proposals that would prevent end-users from baring high costs on risk-management activities. The recommendations include:
- Credit valuation adjustment (CVA) relief
- Removing unfairness in the scope of the end-user relief
- Amending relief from mandatory clearing for CTUs of non-financial companies
- Re-characterization of foreign exchange non-deliverable forward transactions
- Inter-affiliate transaction relief