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The bank getting this benefit is unidentified. But $43 billion BOK Financial is not a registered swap dealer, known as “the oil bank of America,” and lobbied regulators against a rule protecting taxpayers from risky derivatives that CFTC regulates & which now require forbearance. https://twitter.com/FinGregg/status/1241427002931978241 …pic.twitter.com/pHRWHhRcVf
Good write-up of this relief and its implications by @LouieWoodall. As he says, "that the mystery bank thought relief warranted should have prompted the CFTC to show discipline, not mercy."https://climateriskreview.substack.com/p/carbon-carve-outs-cftc-shields-oil …
It'd be great to chat about this if you had the chance. Believe that to be an MSP you have to have $1bn *uncollateralized* exposure?
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