CFTC Commissioner Seeks Last Minute Deferral of Uncleared Swaps Margin
Posted: Tue Aug 30, 2016 7:14 pm
The requirement looming next week for U.S. swap dealers to begin posting initial margin requirements for uncleared swaps transactions has prompted J. Christopher Giancarlo, the Commissioner of the Commodity Futures Trading Commission (CFTC), to argue financial regulators not to proceed with the September 1st implementation date following the European and Pacific regulatory delays.
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“This is yet another example of the failure of U.S. policymakers to negotiate harmonization in regulations as called for in the September 2009 G-20 Leaders’ Statement in a manner that does not place ... (read more)