CFTC seeks higher capital requirements for nonbank swaps dealers

04/28/2011 | MarketWatch

The Commodity Futures Trading Commission is working toward tougher capital requirements for swaps dealers and large swaps participants. They voted to propose rules requiring nonbank swaps dealers to maintain $20 million in capital. "Capital rules help protect commercial end users and other market participants by requiring that dealers have sufficient capital to stand behind their obligations with such end users and market participants," said CFTC Chairman Gary Gensler.

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