Gary Gensler, chairman of the Commodity Futures Trading Commission, said swaps between banks should be the focus of the agency's margin requirements. Congressional Republicans are expected to raise concerns about the proposed rules' costs for "end users," such as farmers, manufacturers and other types of businesses that hedge risks with derivatives. "Proposed rules on margin requirements should focus only on transactions between financial entities rather than those transactions that involve non-financial end users," Gensler said.

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