Regulatory Alerts2013-08-15 | 2013-19791Enhanced Risk Management Standards for Systemically Important Derivatives Clearing Organizations
The Commodity Futures Trading Commission adopted final regulations to implement enhanced risk management standards for systemically important derivatives clearing organizations. These rules impose increased financial resource requirements, prohibit the use of assessments in calculating default resources, and mandate stronger business continuity and disaster recovery safeguards. The final rule also implements special enforcement authority granted to the Commission under section 807(c) of the Dodd-Frank Act.
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