CFTC's margin requirements are expected to hit banks

04/14/2011 | Bloomberg

The Commodity Futures Trading Commission has proposed splitting individual swaps users' margin payments among clearinghouses rather than allowing banks to keep the accounts as a pool representing multiple clients. CFTC member Scott O'Malia said the agency also is considering using the swaps plan for futures margins. The change could eliminate billions of dollars in interest income for the banks.

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