CFTC: capital and margin standards necessary for all derivatives dealers
All derivatives dealers should be compelled to meet capital and margin requirements on over-the-counter derivatives trades, the Commodity Futures Trading Commission (CFTC) said on Tuesday.
Testifying at a US House Committee on Agriculture review of the Department of Treasury's proposals to regulate OTC derivatives, CFTC chairman Gary Gensler stated comprehensive oversight was "even more important for those dealers who are not currently regulated or subject to capital requirements."
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