MF Global collapse should prompt rethink of CFTC rule on CCP membership, say dealers

mf-global-2011

The bankruptcy of MF Global has prompted major dealers to call for the Commodity  Futures Trading Commission (CFTC) to rethink a rule that would prevent central counterparties (CCPs) from requiring clearing members to hold more than $50 million in capital – a measure they claim could threaten the stability of clearing houses.

"It's a ridiculous rule, and the bankruptcy of MF Global has got to motivate regulators to revisit this requirement. We don't want to put our capital in jeopardy and mutual

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