LCH.Clearnet 'shocked' at Dodd-Frank capital requirement
Firm might not be able to live with 99% reduction in minimum capital requirement under Dodd-Frank Act, says chief executive
The row over minimum capital requirements for clearing members of central counterparties (CCPs) intensified this week, with London-based clearing firm LCH.Clearnet claiming it might not be able to work with the $50 million minimum proposed by regulators.
The limit was put forward by the US Commodity Futures Trading Commission (CFTC) on December 16 as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. It has since provoked a dispute between firms that believe the level is too
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