CFTC OKs Proposed Rule Regulating Swaps Market

Law360, New York (December 1, 2010, 5:05 PM EST) -- The U.S. futures trading regulator narrowly signed off Wednesday on a proposed rule to increase capital and margin requirements for major swaps market traders, part of a push to comply with financial reforms required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The 145-page proposed rule would divide swaps traders into three categories, each with increasingly heavy capital and reporting requirements and topping off with a handful of major participants that hold a significant majority of the market, according to statements Wednesday from the...
To view the full article, register now.