Risk.net poll: CFTC should re-think $50m rule for CCPs
More than three-quarters of respondents to a Risk.net poll think rule capping membership criteria at $50 million in capital should be changed following collapse of would-be clearer MF Global
The collapse of MF Global means the Commodity Futures Trading Commission (CFTC) should revisit its rule restricting clearing house membership criteria to $50 million in capital, according to a new Risk.net poll – 77% of respondents call for change.
The rule has been controversial since it was first proposed in December 2010, with opponents claiming that lowering the bar would leave member firms facing more risk. A firm with $50 million in capital could theoretically use that sum to join multiple
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