Massad: US to raise dollar threshold in uncleared margin rules

Higher final threshold may catch fewer firms

timothy-massad
Timothy Massad: supports broadening asset options for variation margin

The Commodity Futures Trading Commission (CFTC) is set to limit the scope of its rules on margining for non-cleared swap trades by matching the higher threshold level used in Europe and Japan, the agency's chairman has said.

"We originally wanted a lower threshold as to when a swap dealer must collect margin, which would result in more margin being collected. However, I expect that in our final rule we will agree to the European position in order to achieve greater harmonisation," Timothy Massad

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