CFTC wants to limit clearing house exemptions

Author: Nicholas Pettifer | Published: 11 Jun 2010

Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler has called for loopholes to be closed to force as many derivatives transactions as possible to go through clearing houses.Speaking at the International Organization of Securities Commissions (Iosco) conference in Montreal yesterday, the CFTC Chairman expressed hope that the conference process between the House of Representatives...

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