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Speaking at the SEFCON V conference, regulators from the U.S. and U.K. said they’ll be able to address the market fragmentation that’s occurred over the last year in the SEF markets. Market participants begged to differ, however.
Regulators tasked with overseeing swaps markets in the U.S. and the U.K. struck a hopeful and conciliatory tone in comments at the SEFCON V conference last week, but market participants were skeptical, with one panelist noting that “hope is not a strategy.” Representatives from the CFTC and the Financial Conduct Authority (FCA) signaled at the...
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