The Commodity Futures Trading Commission (CFTC) has delayed the finalization of several major new rules for the over-the-counter (OTC) derivatives market until 2012, The Wall Street Journal reports. These include rules on the amount of cash companies must set aside for protecting against losses on derivatives bets.
The regulator may propose allowing financial firms and large swaps users three months to comply with margin requirements for non-cleared swaps, adds Bloomberg. The commission’s proposal will set an implementation timeline for when swaps must be traded on exchanges or other platforms.
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