Gensler Highlights Collateral Segregation
Full segregation of client collateral within cleared swap accounts at major U.S. derivatives dealers was singled out in the pending rulemakings for the Commodity Futures Trading Commission by Chairman Gary Gensler today. The CFTC hopes to publish a proposal for a finalized rule for collateral segregation by early 2012, he said on the sidelines of the Securities Industry and Financial Markets Association’s 2011 Annual Meeting in New York.
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