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The CFTC chairman has issued a white paper that argues for a major upheaval in the oversight of cross-border swaps transactions.
While making clear that he supports swaps reforms for the U.S., J. Christopher Giancarlo, CFTC chairman, is pushing for an overhaul of the regulator’s “flawed approach” of trying to export its rules across borders and jurisdictions. “I have been a constant supporter of the swaps market reforms passed by the U.S. Congress … and the...
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