Participants discussed proposed margin requirements on uncleared swaps, particularly cash-only restriction for variation margin, criteria to consider the activity of affiliates in aggregate, conditions for substituted compliance. 


 


Conference call was joint with staff of Prudential Regulators.

Commenters discussed their concerns with proposed requirement to segregate collateral from margin on uncleared swaps.  More specifically, they requested clarification about how restrictions on the rehypothecation and reuse of collateral would affect the treatment of cash collateral that is deposited at custodian banks.


 


Conference call was joint with staff of Prudential Regulators.

SFIG reiterated issues raised in their comment letter of November 24, 2014 on the proposed rule.


Conference call was joint with staff of Prudential Regulators.

Meeting participants discussed the proposed position limits rule.  Conversation focused on estimates of deliverable supply and conditional spot month position limits.

Participants discussed Commission proposal on Position Limits and Volumetric Optionality.

Participants discussed Commission proposal on Position Limits and Uncleared Margin.

Participants discussed comment letters nos. 59600 and 59606, including Publication of Table 11A, Position Accountability, Cross-Border Coordination, Aggregation

Staff of the CFTC and the Federal Reserve met with E&Y to discuss consolidation rules under current US GAAP and ASU 2015-02.

Participants discussed Commission proposal on Uncleared Margin.

Participants discussed Commission proposal on

Uncleared Margin.