Resumen de Cummings: : transparency needed on swaps push-out.
The article reports that following a roll-back of the section 630 push-out rules in December 2014, Representative Elijah Cummings asked banks to outline the scope of their swaps businesses. It is noted that banks will continue to hold these businesses for all but asset-backed securities (ABS) swaps under the changes made in the December 2014 U.S. budget.
