CFTC, FDIC to Consider Margin Requirements for Uncleared Swaps
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The U.S. Commodity Futures Trading Commission will meet April 12 to consider a proposed Dodd-Frank Act rule governing margin requirements for uncleared swaps for swap dealers and major swap participants, the Washington-based regulator said in a statement today.
The Federal Deposit Insurance Corp.’s board will meet the same day to consider a proposal, mandated by Dodd-Frank, that would govern capital and margin requirements held by banks in swap transactions.