LCH-Clearnet member requirement rumours denied

05 Dec 2005

Market rumours that LCH Clearnet (LCH-C) may have been planning to make changes to its membership requirements for its sale and repurchase agreement service, Repoclear, were last week denied by the clearinghouse.

An LCH-C...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.