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Executives at brokers criticize the agencys interpretation of new rules for its global counterparts.
CFTC Chairman Gensler says idea was always to allow time before clearing requirement kicked in.
Confusion on timing leaves securities firms scrambling to move swaps to clearinghouses.
CFTC bombarded with requests to delay Oct. 12 start date for derivatives regs.
Morgan Stanley report estimates new collateral required as swaps processing moves to clearinghouses.
Changes to credit-default swaps could be biggest since 2009.