Clearing Houses: Proposals Could Widen Competition
By Aline van Duyn
Published May 31 2011 FT
Mention the sum of $50m to anyone in the derivatives clearing business, and a strong reaction is almost inevitable.
This seemingly innocuous figure was proposed by the Commodity Futures Trading Commission (CFTC), the new overseer of large parts of previously unregulated swaps markets, as the amount of capital that members of proposed swaps clearing houses would be required to hold.
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