Regulatory Alerts2020-11-05 | 2020-23928Added · Updated
Portfolio Margining of Uncleared Swaps and Non-Cleared Security-Based Swaps
The Commodity Futures Trading Commission and the Securities and Exchange Commission issued a joint request for comment on implementing portfolio margining for uncleared swaps and non-cleared security-based swaps. The agencies seek to explore harmonizing requirements to allow cross-margining of related positions, which could reduce collateral costs and improve liquidity while addressing differences in existing capital, margin, and segregation rules. Stakeholders are invited to provide input on the potential impacts on customer protection, financial stability, and regulatory capital before the December 7, 2020 deadline.
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