On the recordFebruary 9, 2011
Proposed rules on margin shall focus on transactions between financial entities rather than those transactions that involve non-financial end-users.
Source
congress.govProposed rules on margin shall focus on transactions between financial entities rather than those transactions that involve non-financial end-users.
Gensler emphasized the need to exempt non-financial end-users from margin requirements.
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In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.