Regulatory Alerts2012-07-12 | 2012-16983Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission extends the comment period for its proposed initial and variation margin requirements on uncleared swaps for swap dealers and major swap participants until September 14, 2012. This extension allows market participants to concurrently review and comment on a consultative paper issued by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions regarding harmonized international margin standards. The Commission seeks quantitative data and analysis on the comparative costs and benefits of its proposed rules versus the international proposals to facilitate alignment with global standards.
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