Regulators kick off derivatives reform discussion
Market participants call for clearing decisions to be left to market forces and caution regulators about clearing house ownership
The first public meeting held by regulators to flesh out derivatives reform legislation passed last month was held on Friday by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Participants sought to examine governance and potential conflicts of interest in the clearing and listing of swaps and panelists included representatives from dealers, clearing houses, exchanges, interdealer brokers and academics.
Addressing a significant part of the
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