CFTC Swaps Capital Proposal Needs Work, Groups Say

Law360, New York (May 18, 2017, 5:21 PM EDT) -- Several groups representing swap dealers and other financial firms have told the U.S. Commodity Futures Trading Commission to rethink parts of its proposal to establish minimum capital requirements for swap dealers, saying as written the proposal could push dealers out of the market.

The International Swaps and Derivatives Association Inc., the Futures Industry Association, the Securities Industry and Financial Markets Association and others filed comments ahead of a Monday deadline to weigh in on the proposal, saying that it could drive out some firms and that...
To view the full article, register now.