CFTC Approves Dodd-Frank Rules on Swap Dealer Capital Requirements
Posted: Thu Dec 01, 2016 7:21 pm
At its December 2, 2016 meeting, the Commodity Futures Trading Commission (CFTC) unanimously approved key proposals implementing the Dodd-Frank Act’s rules regarding capital requirements for certain swap dealers and major swap participants. The proposal would apply different requirements of an SD/MSP that is registered as a CFTC’s futures commission merchant (FCM) or SEC’s broker-dealer.
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The proposed capital requirements, which are intended to protect parties against market risks and counterparty credit risks, would vary depending on a variety of dynamic factors, while also being administrable ... (read more)