Dems Back CFTC's Firmer Hand On Int'l Swaps Rules
The lawmakers — including Sens. Elizabeth Warren, D-Mass., and Carl Levin, D-Mich. — largely applauded the CFTC’s approach to extending oversight of the $700 trillion swaps market under the Dodd-Frank Act to foreign subsidiaries of U.S. financial institutions.
But they warned in the letter to CFTC Chairman Gary Gensler that the U.S. Securities...
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