CFTC finalizes long-delayed swap execution facility rules

A divided Commodity Futures Trading Commission voted to adopt numerous rules representing some of the final important building blocks in the agency’s new regulatory regime for swaps. Commission Chairman Gary Gensler said the final rules pertaining to minimum block sizes for swaps, and requirements for regulated swaps trading platforms known as swap execution facilities, will “make public transparency in the swaps market a reality.” However, Republican commissioners voiced concern over the final rules. The rules were also immediately lampooned by some industry participants. Read on for the details.