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CFTC to withdraw 'swap dealer' definition rule from Thursday vote

By Neil Roland ( February 21, 2012, 17:54 GMT | Insight) -- The U.S. Commodity Futures Trading Commission, unable to reach a consensus, plans to withdraw from Thursday’s agenda a controversial rule proposal that would define 'swap dealer', one of the most important derivatives provisions of the Dodd-Frank Act. Companies designated as swap dealers would incur capital, margin, disclosure and business conduct requirements.Washington – The U.S. Commodity Futures Trading Commission, unable to reach a consensus, plans to withdraw from Thursday’s agenda a controversial rule proposal that would define 'swap dealer.'...

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