CFTC eases margin requirements for inter-affiliate trades
Bowen votes against final rule exempting non-cleared inter-affiliate trades from initial margin
The Commodity Futures Trading Commission (CFTC) narrowly passed margin requirements for non-cleared swaps on December 16, despite opposition from Democratic commissioner Sharon Bowen.
Bowen voted against the final rule, citing concerns over an exemption from initial margin requirements for uncleared trades between bank affiliates.
"I could not support the final rule proposal on margin for uncleared swaps," said Bowen. "While this rule does have some benefits, it is inadequate when compared to
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