On Wednesday, five federal agencies reopened the comment period on a proposed rule to establish margin and capital requirements for the swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants they oversee.
The comment period, which originally ended in July 2011, will now be open until Nov. 26, 2012. Re-opening of the comment period is intended to allow affected entities to better analyze the issues they face in light of a Consultative Document on margin requirements for non-centrally-cleared derivatives recently published for comment by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO).
