$20 million capital hike for major swap participants

CFTC commissioner Scott O'Malia

Futures commission merchants (FCM) classified as swap dealers or major swap participants (MSPs) will face a 20-fold increase in minimum capital requirements under rule-making proposals released by the Commodity Futures Trading Commission (CFTC) on April 27.

At the 14th open meeting of the commission to discuss proposed rules under the Dodd-Frank Act, regulators unveiled a prospective minimum capital requirement of $20 million for all entities designated as swap dealers or MSPs under the US

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