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News Item: ni0086-11

  • December 21, 2011

    Regulators Approve a New Window Into 'Swaps'

    (Wall Street Journal) — The Commodity Futures Trading Commission on Tuesday approved rules requiring trading firms to turn over data about the buying and selling of over-the-counter derivatives products.

    The new rules will for the first time give regulators a window into the market for "swaps," a previously unregulated corner of the financial markets that played a role in the 2008 financial crisis.

    "Leading up to the financial crisis, there was no required reporting about swaps trading, and this lack of market transparency made the risk that had spread throughout the financial system all the more difficult to identify," CFTC Chairman Gary Gensler said at the agency meeting.

    Read the full story in The Wall Street Journal.

    Last Updated: December 21, 2011



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