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CFTC Chairman Timothy Massad says a new no-action letter is part of an effort to responsibly guide reform in derivatives markets.
Speaking at the DerivOps North America conference this morning, CFTC Chairman Timothy Massad announced his agency will be issuing no-action letters providing relief for regulatory requirements concerning erroneous swap trades and swap trade confirmations. Massad said the relief is part of the CFTC’s ongoing efforts to ensure that post-financial crisis reforms in the derivatives markets...
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