The Commodity Futures Trading Commission and the Securities and Exchange Commission on Friday proposed several measures under the Dodd-Frank Wall Street Reform and Consumer Protection Act on overseeing the swaps and derivatives markets.
The CFTC voted to request public comment on the following four proposals: Protecting the collateral of counterparties to uncleared swaps by giving end-users a choice of having any initial margin they post with a swap dealer kept in a segregated account and with a third party custodian, and making necessary housekeeping changes regarding the Bankruptcy Code.
Implementing real-time post-trade public reporting for standardized and customized swaps to enhance price discovery and liquidity while ensuring anonymity and protecting block trades and trades over $250m in notional size. Standardized blocks would be delayed 15 minutes, and the proposal asks whether a similar delay is appropriate for interest rate, currency and other financial
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