SEC and CFTC Open 60 Day Comment Period on Joint Portfolio Margining Framework Covering Securities and Derivatives

The SEC and CFTC on June 26 requested public comment on a coordinated portfolio margining framework spanning securities, security based swaps, futures, swaps and related positions. The agencies said the effort assesses whether closer coordination could improve risk management, reduce market fragmentation and strengthen customer protection. Comments are due 60 days after Federal Register publication.