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On February 9, the Securities and Exchange Commission (SEC) proposed numerous new rules and amendments to existing rules and Form ADV under the Investment Advisers Act of 1940, as...
The Chinese government uses a number of measures to keep tabs on citizens. One is what's known as a "citizen score" -- a...
- customer-driven (i.e., for a customer's valid and independent business purpose; such transactions do not include those entered into by a national bank for the purpose of speculating in derivative, currency, commodity, or security prices); - - perfectly matched (i.e., two back-to-back derivative transactions that offset risk with respect to all economic terms (e.g., amount, maturity, duration, and underlying), but a difference in price between two derivatives that reflects a bank's spread is allowed); or - portfolio-hedged (i.e., hedged based on net unmatched positions or exposures in th...