US energy firms cheer regulators’ shift on margin rule
In an about-face, the Fed and other bank regulators exempt non-financial end-users from requirement to post margin on non-centrally cleared swaps
Energy companies breathed a sigh of relief this week after US bank regulators scrapped a three-year-old proposal that would have required non-financial end-users to post margin on bilateral swap transactions not cleared through a central clearing house.
On September 3, the five agencies collectively known as the 'prudential regulators' – the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Farm Credit Administration and the
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