Quintenz slams ‘perverse outcomes’ from leverage ratio

Commissioner of the US Commodity Futures Trading Commission Brian Quintenz attacked the “perverse outcomes” stemming from the supplementary leverage ratio and its treatment of segregated margin, in a speech to the US securitization industry’s annual SFIG Vegas conference.

  • By Owen Sanderson
  • 27 Feb 2018

“That makes margin by definition not just risk-free,” said Quintenz. “It is actually more than risk-free — it is always risk-reducing. Considering it as a risk-enhancing asset is backwards, and to the CFTC is beyond frustrating.”

The published version of Quintenz’s remarks states: “If the goal of the ...

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