§5472 Common Framework for Designated Clearing Entity Risk Management

Summary

The Commodity Futures Trading Commission, the Commission, and the Board of Governors must work together to create risk-management supervision programs for designated clearing entities. Within one year after July 21, 2010, they must send a joint report to the Senate Committees on Banking, Housing, and Urban Affairs and on Agriculture, Nutrition, and Forestry, and to the House Committees on Financial Services and on Agriculture. The report must give recommendations for making oversight more consistent, strengthening clearing entities’ risk controls, improving regulators’ review of those controls, and helping regulators monitor how clearing entities’ risk choices could affect U.S. financial stability.