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Statement Of CFTC Commissioner Kristin N. Johnson Regarding The Final Rule To Modify Interest Rate Swap Clearing Requirements For The Transition From LIBOR And Other IBORs To Alternative Reference Rates

<p><span>In the fall of 2008, global financial markets reeled as evidence emerged indicating that market participants failed to effectively manage risks in the then-unregulated $400 trillion (notional) swaps market.  The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) directed the Commodity Futures Trading Commission (Commission) to develop and implement formal rules, and bring the swaps market under the ambit of the Commission’s authorit...
United Kingdom City Of Chicago Mercantile Exchange Commodity Futures Trading Commission British Banker Association Market Risk Advisory Committee Adopts

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