Statement of CFTC Chairman Tim Massad on the Dismissal of the Cross Border Lawsuit

September 16, 2014

Washington, DC – U.S. Commodity Futures Trading Commission Chairman Tim Massad made the following statement on the dismissal of the Cross Border Lawsuit.

“I am pleased the court upheld the Commission’s July 2013 policy statement on the cross-border application of Title VII swaps provisions, and rejected a sweeping injunction of the rules that are at the heart of Dodd-Frank’s overhaul of the swaps markets. I am committed to continuing our efforts to reform the swaps markets, including addressing Congress's concerns that risks undertaken abroad might threaten the health of the U.S. economy.”

Last Updated: September 16, 2014