10/08/2013
https://www.congress.gov...
"While I applaud the SEC for taking a more flexible approach relative to CFTC, both agencies need to make their rules more accommodative of the different types of SEFs to provide maximum choice in trad..."
"We should not then be surprised when the two agencies propose inconsistent approaches to the same rule sets."
"I remain concerned that the mandatory clearing requirement could force clearinghouses to take on risk that is not adequately understood or managed."
"And if that is the case, I believe, and I do not want to speak for him, but I believe Mr. Edmonds in the first panel indicated that that increased margin requirement would be a cost on end user transa..."