CFTC resurrects CCP ownership limits
Proposed limits on CCP ownership aimed at reducing conflicts of interest
The Commodity Futures Trading Commission (CFTC) has resurrected the issue of ownership limits on derivatives central counterparties (CCPs) at a hearing in Washington, DC on October 1, by proposing a set of restrictions designed to reduce potential conflicts of interest between CCPs and their bank clearing members.
The limits form part of the CFTC's first batch of proposed rule-makings under the Dodd-Frank Wall Street Reform and Consumer Protection Act, and resemble a proposal first put forward
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