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

The Securities and Exchange Commission and the Commodity Futures Trading Commission today issued a joint request for public comment on potential approaches to further harmonize regulatory frameworks applicable to portfolio margining across securities, security-based swaps, futures, swaps, and related positions. The request for comment is intended to assist the agencies in evaluating whether greater coordination or alignment in portfolio margining requirements may improve risk management efficiency, reduce unnecessary market fragmentation, and enhance customer protections consistent with the agencies’ respective statutory authorities and responsibilities. “By further harmonizing our frameworks, we can ensure that jurisdictional overlap does not stifle innovation and efficiency,” said SEC Chairman Paul S.