Dodd questions restricting collateral to cash

christopher-dodd

Chris Dodd, co-author of the Dodd-Frank Act, has expressed concern about preventing swap dealers and major swap participants from posting non-cash collateral.

In a speech in Houston last Thursday, Dodd said: "There are a lot of concerns about the problems of dealing in cash and I don't disagree. I think that some legitimate issues have been raised about that particular provision and how it could work, and I think this ought be the subject of the comment periods."

The Dodd-Frank Wall Street

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