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Bloomberg LP Weighs CFTC Lawsuit Over Swap Collateral Rules

Bloomberg LP threatened to sue the top U.S. derivatives regulator unless it halts regulations setting higher collateral standards for swaps than comparable futures.

Bloomberg LP, the parent company of Bloomberg News, said the collateral rules are arbitrary and harm its plans to operate a swap-execution facility, according to a news release and letter yesterday from Eugene Scalia, partner at Gibson Dunn & Crutcher LLP.