The European Banking Federation (EBF) fully supports the efforts by the U.S. Securities and Exchange Commission (SEC) to amend its rules and interpretive guidance related to security-based swaps (SBSs) and security-based swap dealers (SBSDs) promulgated pursuant to Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act or Title VII). We are grateful for the opportunity to submit our comments on the Proposed Rule Amendments and Guidance Addressing Cross-Border Application of Certain Security-Based Swap Requirements (Proposal) published by the SEC on May 24, 2019.
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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