SEC Chair Paul Atkins Discusses Regulatory Coordination at Futures Industry Conference

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins addressed the flagship futures industry conference in Boca Raton, Florida, highlighting efforts to enhance regulatory coordination with the Commodity Futures Trading Commission (CFTC). According to Foresight News, Atkins emphasized the need for clear consensus among agencies on event contracts, particularly regarding whether certain contracts should be classified as securities swaps or other securities. Atkins also discussed the concept of cross-margining, which he described as a method to unlock liquidity currently trapped in separate accounts within the derivatives market. This approach allows companies to use the same collateral across different platforms.