US regulator approved uncleared margin rules and new measures on cybersecurity
The Commodity Futures Trading Commission
passed two key milestones on Wednesday when the US regulator
approved its rules for margin on uncleared swaps and backed
plans to tighten up the industry’s
The US futures watchdog’s
commissioner’s agreed by a margin of two to one
to use proposed margin rules that apply to uncleared swaps
being handled by large swaps firms.
The CFTC said in a statement the new
regulation refers to "swaps entered into by swap dealers
(SDs) or major swap participants (MSPs) that are not subject
to regulation by the Federal Reserve Board, the Office of the
Comptroller of the Currency, the Federal Deposit Insurance
Corporation, the Farm Credit Administration or the Federal
Housing Finance Agency",
after those bodies fixed their rules in October.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.