External Meetings: Meeting with CLS Bank

When:

10/8/2010 1:00 PM

Rulemaking(s):

II. Definitions

XXI. Joint Rules w/ SEC

CFTC Staff:

Gary Gensler

Cyrus Amir-Mokri

Timothy Karpoff

Ananda Radhakrishnan

Terry Arbit

William Penner

Julian Hammar

Visitor(s):

Gerard Hartsink (CLS Bank)

Alan Bozian (CLS Bank)

Organization(s):

CLS Bank (CLS)

The Chiarman and representatives of CLS discussed the regulation of FX swaps. In particular, they discussed whether FX swaps should be subject to clearing and whether certain longer dated products should be cleared. In addition, they discussed whether CLS might become a trade repository.