The U.S. Commodity Futures Trading Commission (CFTC) today unanimously approved proposed rules establishing swap dealer (SDs) and major swap participant (MSPs) minimum capital requirements. As required by the Dodd Frank Wall Street Reform and Consumer Protection Act, the rules propose minimum levels of qualifying capital for SDs and MSPs that are not subject to the capital rules of a prudential regulator.
More information via press release: http://www.cftc.gov/PressRoom/PressReleases/pr7494-16
