CFTC, SEC Seek Public Comment on the Harmonization of Portfolio Margining Frameworks

The CFTC and SEC issued a joint request for public comment on approaches to harmonize portfolio margining frameworks across securities, security-based swaps, futures, swaps, and related positions. The agencies seek input on topics including existing portfolio margining models, customer protection, cross-margining, capital and collateral treatment, risk management, clearing considerations, operational implementation, and impacts on liquidity and competition; the comment period is open for 60 days following Federal Register publication.