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Actions FCMs Should Take to Protect Distressed Banks Customer Funds

A critical threshold question is whether (and if so, specifically in what circumstances), in the event segregated customer funds become unavailable or worse unrecoverable e.g., due to a bank failure, an FCM would ever be charged with liability for such customer funds.
Alex Caldwell Commodity Exchange Authority Nov Commodity Exchange Deposit Insurance Corporation Futures Commission Merchants Federal Reserve

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