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

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint request for public comment on approaches to harmonize regulatory frameworks for portfolio margining across securities, security-based swaps, futures, swaps, and related positions. The request seeks input on topics including existing portfolio margining models, customer protection, cross-margining, capital and segregation treatment, risk management, clearing considerations, operational implementation, and impacts on market liquidity and competition; comments are open for 60 days after Federal Register publication.