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SEC Approves Exemptions For 2 CDS Clearinghouses

By Morgan Bettex (July 24, 2009, 2:27 PM EDT) -- The U.S. Securities and Exchange Commission has given the green light for ICE Clear Europe and Eurex Clearing AG to operate as central counterparties to clear credit defaults swaps in an effort to promote a regulatory framework for the over-the-counter derivatives that helped exacerbate the financial crisis....

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