SIFMA, ABA Air Worries Over CFTC Cross-Border Swaps Rule

By Melissa Daniels (December 20, 2016, 7:24 PM EST) -- The Securities Industry and Financial Markets Association, the American Bankers Association and other swap market interest groups urged the U.S. Commodity Futures Trading Commission on Monday to hit the brakes on proposed definitions for U.S. and foreign entities under cross-border swap rules, underscoring potential harm to the U.S economy and potential regulatory overreach....

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