Page 4 - Margin Requirements News Today

On December 8, the CFTC approved a number of final rules, including (i) amendments requiring designated contract markets (DCMs) to implement certain risk controls relating to market...

Statement Of CFTC Commissioner Dawn D. Stump Before Global Markets Advisory Committee Meeting Date 17/12/2020 Good morning and welcome to the final Global Markets Advisory Committee (GMAC or Committee) meeting of 2020. I would like to begin by thanking Chairman Tarbert and my fellow Commissioners for attending today’s meeting.  Your contributions to the discussion are much appreciated.  I also want to recognize that due to the global nature of this Committee, there are many participati...

Advertisement CFTC Final Rules Related to Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants & Related to SEFs and Withdraws Comprehensive Proposals Friday, December 11, 2020 CFTC Unanimously Approves Final Rules Related to Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants On December 8, the Commodity Futures Trading Commission (CFTC) unanimously approved two final rules related to margin requirements for uncleared s...

Problem. been around three years hasnt done anything. speculators, ladies and gentlemen, they can pass a law that says can you buy oil future you can got to take delivery. have you got to take those barrels. that takes the wise guys right out of it and basically makes it much harder to be a speculator. what would be wrong with that. >> not a thing. the fact is that a year ago this time. just, well, end of april. people forget gasoline was $4 a gallon. what happened? the cftc started threatening ...

Problem. been around three years hasnt done anything. speculators, ladies and gentlemen, they can pass a law that says can you buy oil future you can got to take delivery. have you got to take those barrels. that takes the wise guys right out of it and basically makes it much harder to be a speculator. what would be wrong with that. >> not a thing. the fact is that a year ago this time. just, well, end of april. people forget gasoline was $4 a gallon. what happened? the cftc started threatening ...

>> bill: speculators are saying its going to be less so theyre betting on it going down. >> speculators have less enthusiasm right now because they have higher margin requirements. >> is it a coincidence when congress brought, in the senate brought in the ceos of the big oil companies almost immediately after that. >> they were intimidated by. >> you are not buying that though, right? >> no, im not buying that at all. not at all. first of all, the folk who were quote, unquote, grilling them have...

Gallon. >> bill: speculators are saying its going to be less so theyre betting on it going down. >> speculators have less enthusiasm right now because they have higher margin requirements. >> is it a coincidence when congress brought, in the senate brought in the ceos of the big oil companies almost immediately after that. >> they were intimidated by. >> you are not buying that though, right? >> no, im not buying that at all. not at all. first of all, the folk who were quote, unquote, grilling t...

Gallon. >> bill: speculators are saying its going to be less so theyre betting on it going down. >> speculators have less enthusiasm right now because they have higher margin requirements. >> is it a coincidence when congress brought, in the senate brought in the ceos of the big oil companies almost immediately after that. >> they were intimidated by. >> you are not buying that though, right? >> no, im not buying that at all. not at all. first of all, the folk who were quote, unquote, grilling t...

>> what would be those top three things in that bill? >> first thing we have to deal with too big to fail. we absolutely have to deal with too big to fail. we also should be dealing with the regulations, making the laws and not leaving it to the regulators. when this happened in 1929, we passed a whole series of legislation, glass-steagall act. margin requirements. we set the the fdic. that was by law. and it worked pretty well for about 50 years. then we started chipping away at it. really got ...

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