SEC, CFTC Eye Margin Oversight Of CCPs

--Jeanene Timberlake

The Securities and Exchange Commission and Commodity Futures Trading Commission are seeking more oversight of the newly launched central counterparty clearing platforms for over-the-counter derivatives, this time through managing margin requirements.

Mary Schapiro, SEC chairman, and Gary Gensler, chairman of the CFTC, told the House Financial Services Committee ...