HedgeWorld – The U.S. derivatives regulator on Wednesday [Sept. 17] met to propose a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.
The Commodity Futures Trading Commission said the rule will be largely identical to one proposed by bank regulators, which determines the margin for swaps traded outside clearing houses, firms that stand between buyers and sellers.
