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Second Phase of US Swaps Rules Takes Hold
By FOW Intelligence
This week the latest stage in the US swaps reforms was implemented under a cloud of uncertainty as to how ready the industry was for the change, writes Jonathan Watkins.
The second phase of swaps rules were implemented on Monday, affecting commodity pools, hedge funds and non-swap dealer banks.
Related Reading:
CFTC’s Gary Gensler: In or Out For Pressuring Banks on Swaps?
