CFTC commissioner backs non-cleared margin docs relief
Stump calls for US to enact BCBS-Iosco $50m threshold for operational requirements
Dawn DeBerry Stump, a commissioner at the Commodity Futures Trading Commission, has urged US regulators to transcribe recent international relief on non-cleared margin thresholds into local rules.
“At the very least, the US financial regulatory community should provide guidance to market participants, relieving them of an obligation to put in place documentation and systems that they may never use,” Stump told a legal forum organised by the International Swaps and Derivatives Association in New
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