Bloomberg: Regulator will restrict clearinghouse ownership

Bloomberg reports that the Commodity Futures Trading Commission (CFTC) will propose new ownership guidelines for swaps clearinghouses, exchanges and trading systems on Oct. 1 that may require several existing organizations to change their structure.

The recommendation is part of the CFTC's implementation of the sweeping Dodd-Frank financial legislation that, among other measures, is intended to more thoroughly regulate the OTC derivatives markets.

The proposed rules reportedly will be listed for public review and comment.

CFTC Is Said to Propose That Banks Own 20% of Credit Swaps Clearinghouses

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