Benefits groups fear conflicts in federal swaps regulations could accidentally make all swaps transactions involving swaps dealers and retirement plans illegal.
The American Benefits Council, Washington, and the Committee on Investment of Employee Benefit Assets, Bethesda, Md., sent representatives to discuss their concerns with officials from the Commodity Futures Trading Commission (CFTC) this week, according to CFTC meeting records.
A swap is a financial arrangement in which one party trades the rights to one payment stream for another payment stream. Swaps users – including managers of large pension plans — often use the arrangements to protect themselves against bond issuer defaults, big changes in interest rates and big changes in exchange rates.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
