SEC should harmonize capital rules for swap dealers with other regulators, industry says

17 December 2018 10:14am
The US Securities and Exchange Commission is being peppered by industry requests to harmonize capital, margin and segregation rules for derivative dealers with those of other US and foreign regulators.

A cross-section of the financial industry has been expressing a similar concern since November about pending SEC proposals dating as far back as 2012.

The SEC plan “is substantively inconsistent with changes in market and global regulatory regimes in the last several years,” wrote the Securities Industry and Financial Markets Association's asset-management group. “Simply updating documentation to account for a new and significantly different regulatory regime will be a herculean task.”