Isda pushes back on CCP ownership caps
The Commodity Futures Trading Commission published proposed rules in October 2010 that would have limited the shares major financial companies could hold – individually and collectively – in derivatives clearing organisations, swap execution facilities (Sefs) and designated contract markets.
Clearing houses could choose one of two ownership regimes. Under one, an individual member of a clearing house would not be allowed to own more than 20% of it, and each clearing house could be no more than
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