CFTC's collateral rules are focus of Bloomberg lawsuit

04/16/2013 | Bloomberg · Reuters · Financial Times (tiered subscription model)

Bloomberg filed a lawsuit Tuesday against the Commodity Futures Trading Commission, saying that the agency's rules that set higher standards for swaps collateral than for futures collateral are arbitrary. Bloomberg argues that unless the rules are changed, liquidity will be siphoned away from swaps and toward "swap futures," which lack the safeguards Congress sought in the Dodd-Frank Act.

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