The CFTC yesterday unanimously approved a rule that will require top swap dealers, including...

|By:, SA News Editor

The CFTC yesterday unanimously approved a rule that will require top swap dealers, including Goldman Sachs (GS) and JPMorgan (JPM), to guarantee certain trades at clearinghouses owned by LCH.Clearnet, CME (CME) and Intercontinental Exchange (ICE). The CFTC says the new regulation will lower risk and "eliminates the need for market participants to individually determine counterparty credit risk."