Gensler Urges Derivatives Accord

International agreement on margin rules for OTC trades is key, CFTC chair says.

An international agreement is needed on margin requirements for derivative trades that don’t pass through clearinghouses, said Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission.

“This is a critical piece” of work, and a “key issue,” Gensler told reporters at a briefing in Brussels. “Without it, it will be harder for banks to have their regulators comfortable as to how they operate in other markets.”

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