Goldman Sachs Group Inc., Morgan Stanley and other trading firms would face higher collateral costs under swaps-market rules proposed by the U.S. Securities and Exchange Commission.

SEC commissioners voted 5-0 today to seek public comment on collateral requirements for swaps that remain in the over-the-counter market instead of being settled at third-party clearinghouses. The proposal, part of the agency’s rulemaking under the Dodd-Frank Act, would also increase capital requirements for dealers of swaps tied to single securities or loans or a narrow index of swaps.

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