WASHINGTON, D.C. – Today, U.S. Senator Thom Tillis (R-NC) issued the following statement on the change in inter-affiliate margin requirements:

“I applaud FDIC Chairman McWilliams and OCC Comptroller Otting for fixing their inter-affiliate margin requirements and aligning with the CFTC, SEC, and other G20 countries. The needless collection of capital for inter-affiliate transactions implemented by the Obama Administration did not improve risk management and was damaging to end-users, including pension funds for teachers, firefighters, and first responders. I look forward to the Federal Reserve quickly fixing their requirements and making our financial system safer.”

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