CFTC Wants End Users Exempt From Swap Margin Rule

Law360, New York (February 10, 2011, 2:32 PM EST) -- The U.S.' top swaps and futures regulator told a congressional hearing Thursday that impending margin requirements on swaps should only pertain to transactions between financial institutions, not to so-called end users who hedge against commodity price spikes.

U.S. Commodity Futures Trading Commission Chairman Gary Gensler also reiterated during the House Agriculture Committee meeting that his agency would miss the July deadline to finalize some rules required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The hearing was the first time Gensler has testified before...
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