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Giancarlo: SLR change would cut clearing capital by 70%

Isda AGM: netting of clearing collateral would boost activity without weakening banks, claims CFTC chair

Chris Giancarlo - CFTC
Christopher Giancarlo: capital cut would translate into trading boost

Reform of the US supplementary leverage ratio (SLR) could boost trading activity without weakening the banking industry, according to Christopher Giancarlo, who is awaiting confirmation as chairman of the US Commodity Futures Trading Commission (CFTC).

Citing CFTC analysis, Giancarlo claimed changes to the controversial rule, which is seen as a particular burden for clearing businesses, could

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