Speaking at an Institute of International Bankers conference yesterday, CFTC Chairman Gensler announced that the agency is working with the Federal Reserve, the SEC and international regulators to ensure that margin requirements for the $648 trillion over-the-counter swap market will be consistent across jurisdictions.
The announcement addresses concerns that financial firms may take advantage of significant differences to circumvent regulations in their home jurisdictions.
“Look forward to seeing this margin release in the next two or three weeks,” Gensler said.
