Isda pushes back on CCP ownership caps

us-congress

US derivatives industry lobbyists are pushing back at proposals by the US government to resurrect and expand the Lynch amendment, which would have imposed limits on dealer ownership of derivatives clearing houses. The Commodity Futures Trading Commission published proposed rules in October 2010 that would have limited the shares major financial companies could hold - individually and collectively - in derivatives clearing organisations, swap execution facilities (Sefs) and designated contract