3/13/2013

Bloomberg says it will take the Commodity Futures Trading Commission to court if the agency sticks to its plan to force investors in credit-default and interest-rate swaps to post margins to cover a default for five days. Futures require only one-day coverage. Bloomberg maintains that the rule "threatens significant adverse effects for Bloomberg, other [swap-execution facilities], participants in the swaps and futures markets, and investors and taxpayers generally."

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