CFTC sounds the alarm on clearing capacity
US regulator warns porting cannot be guaranteed in the event of a large member default
A US regulator and market participants have shared concerns about whether futures commission merchants (FCMs) would step forward to transfer cleared client positions from a defaulted clearing member.
Bob Wasserman, chief counsel at the US Commodity Futures Trading Commission (CFTC) division of clearing and risk, noted that in order to have successful porting of client positions, one needed to have
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