Bank Of England Group Wants More Oversight Of Derivatives
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The Bank of England's Derivatives Working Group (DWG) has recommended that the Bank tighten its oversight of bank derivatives trading and move to extend its purview to some major players that are currently unregulated. The DWG released its conclusions last week, reporting on its investigations into the derivatives markets, including foreign exchange swaps and currency options.
Although the group suggested some closer scrutiny of the markets, identifying some supervisory weaknesses, it stopped
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