By Kim Dixon and Karen Brettell
WASHINGTON/NEW YORK, Nov 3 (Reuters) – U.S. regulators should be given authority to determine whether a privately traded derivative contract should be cleared through a central clearinghouse, the chairman of the House Financial Services Committee said on Tuesday.
US’s Frank wants SEC/CFTC to decide on swaps clearing
Efforts to ban “naked” CDSs could face limits
By Karen Brettell
NEW YORK, July 28 (Reuters) – Efforts to limit speculation with credit default swaps may be ineffective as the large dealers that account for the vast majority of volumes in the market are likely to be exempt from any ban.
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