Judge Skeptical Of Bloomberg's CFTC Swap Rule Case

Law360, Washington (May 31, 2013, 4:20 PM EDT) -- A Washington federal judge told Bloomberg LP on Friday that its challenge against the U.S. Commodity Futures Trading Commission's margin requirements for swap and futures derivatives was questionable, saying it lacked necessary evidence to show it would be harmed by the new rules.

Bloomberg has asked the court for a preliminary injunction blocking the rule, and claims CFTC didn't adequately assess the rule's economic implications. The rule, which requires derivative clearing organizations to assume a liquidation period of one day for futures, one day for physical...
To view the full article, register now.