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The CFTC approved, by a 2-1 vote, the final rule governing
margin requirements for uncleared swaps for swap dealers and major
swap participants. The new regulation addresses margin requirements
for uncleared swaps that aren't subject to regulation by the
Federal Reserve Board, the Office of the Comptroller of the
Currency, the Federal Deposit Insurance Corporation, the Farm
Credit Administration or the Federal Housing Finance Agency (CSEs).
The margin requirements are designed to protect the safety and
soundness of CSEs and the integrity of the financial system by
requiring parties to hold collateral to cover the risk posed by
counterparties with open uncleared swap positions.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
