The Commodity Futures Trading Commission has finalized rules to implement a legally segregated, operationally commingled clearing model in the cleared swaps market. Several Commissioners said the implementation should be viewed as a first step towards remedying the mistakes tied to the bankruptcy of MF Global and the subsequent search for the firm’s customer collateral.
Gary Gensler The implementation, which had been under discussion for over a year, was sped up by CFTC Chairman Gary Gensler in response to the fallout from MF Global. Finalized by ....