External Meetings: Meeting with SIFMA
Participants discussed the proposed margin rule for uncleared swaps. The particular issues were: implementation timeline (VM "big bang"), margin requirement between affiliates, international harmonization (substituted compliance regime) and treatment of collateral (segregation and rehypothecation limitations).
When
Rulemaking(s)
V. Capital & Margin,
CFTC Staff
John Lawton, Carlene Kim, Paul Schlichting, Francis Kuo, Stephen Kane, David Aron, Rafael Martinez
Visitor(s)
Kyle Brandon (SIFMA)
Anthony Cicia (Morgan Stanley)
Colin Lloyd (Cleary Gottlieb Steen & Hamilton LLP)
Michael Huber (Goldman Sachs)
Greg Todd (Bank of America)
Margaret Gage (Credit Suisse)
Bradley Edgell (SIFMA)
Anthony Cicia (Morgan Stanley)
Colin Lloyd (Cleary Gottlieb Steen & Hamilton LLP)
Michael Huber (Goldman Sachs)
Greg Todd (Bank of America)
Margaret Gage (Credit Suisse)
Bradley Edgell (SIFMA)
Organization(s)
Securities Industry and Financial Markets Association (SIFMA)