Derivative-dealer capital requirements likely to come from SEC by summer

2 May 2019 8:16pm
The US Securities and Exchange Commission is likely to finalize capital, margin and segregation rules for security-based derivative dealers this summer, said Christopher Giancarlo, head of the US Commodity Futures Trading Commission.

“You’ll see action on that with any bit of luck even before I leave the commission, but certainly sometime this summer I would imagine those will be finalized,” he told the House Agriculture Committee's subcommittee on commodity exchanges yesterday.

The CFTC has been coordinating with the SEC to help harmonize its plan with existing rules at the commodity regulator. Industry groups have pressed the securities overseer to ensure its final rules are consistent with those at the CFTC.