U.S. Fed votes to re-propose margin requirements for uncleared swaps

WASHINGTON, Sept 3 Wed Sep 3, 2014 11:56am EDT

WASHINGTON, Sept 3 (Reuters) - The U.S. Federal Reserve voted on Wednesday to issue a proposal governing how much money swaps buyers and sellers must set aside when they make trades outside central clearing houses.

The rules were first proposed in 2011 but were not finalized while global regulators worked on similar guidelines. The new proposal is similar to both the initial U.S. plan and the international agreement, Fed staff said. (Reporting by Emily Stephenson; Editing by Bill Trott)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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