Confusion over regulations continues
Much debate continues between regulatory bodies over direction. According to FX Week’s sister news site, Risk.net, Michael Dunn, commissioner at the US Commodity Futures Trading Commission (CFTC) has emerged as saying a proposal to ban federal support for swaps might not fly.
He said preventing swaps dealers, major swap participants, exchanges and clearing platforms from qualifying for any kind of federal assistance, as proposed by the US Senate on May 20, would be a controversial step and might
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