Bloomberg – The U.S. Commodity Futures Trading Commission may complete rules next week that set protections for swap traders’ collateral as some hedge funds and mutual funds push for additional safety measures in the wake of the collapse of MF Global Holdings Ltd.
The CFTC may approve its rule, required under the 2010 Dodd-Frank Act, on Jan. 11, according to four people briefed on the matter who spoke on condition of anonymity because the schedule hasn’t been made public. The new requirement seeks to insulate swaps traders from a brokerage’s default while allowing customer funds to be pooled.
