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Speaking at an industry conference, the CFTC Chairman reveals his preference in the efforts to harmonize cross-border derivatives rules.
CFTC Chairman Timothy Massad says he’s leaning toward a hybrid approach to the problem of regulatory harmony for uncleared swaps transacted across multiple jurisdictions around the globe but he’s careful to note that his agency has not reached any conclusions. “We recognize the importance of having the uncleared margin rules of different jurisdictions be as...
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