Financial Times FT.com

US futures brokers fear new capital rules

By Hal Weitzman in Chicago and Jeremy Grant in London

Published: July 5 2009 19:54 | Last updated: July 5 2009 19:54

US futures brokers could be forced out of business if Washington regulators push forward with a plan to increase capital requirements by at least 25 per cent, one of the biggest companies in the sector has warned.

The proposal by the Commodity Futures Trading Commission, which has caused alarm within the industry, is a central part of the Obama administration’s attempt to raise the amount of capital held by financial services companies as it seeks to encourage deleveraging.

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