CFTC defends clearing membership capital requirement


The Commodity Futures Trading Commission (CFTC) has defended a proposal to cap the minimum capital requirement set by central counterparties (CCP) on clearing members, but says the current $50 million threshold might be altered at the end of a consultation process. The suggestion, designed to broaden the membership of clearing houses, was first made in December last year, and a set of proposed rules was filed with the Federal Register on January 20. If implemented in its current form, the min

To continue reading...