Dealers See Danger in CFTC's $50m Clearing Capital Limit
By Mark Pengelly
Published October 21 2011 Risk Magazine
Dealers are concerned by new rules limiting to $50 million the amount of capital clearing houses can require their members to have – a proposal first aired by the Commodity Futures Trading Commission (CFTC) in December, and finalised in a 3-2 vote on October 18 despite fierce criticism from dealers and some central counterparties (CCPs), including London-based LCH.Clearnet.
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