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U.S. Derivatives Bill Bars Dealers From Owning Clearinghouses
Written on 17 Oct, 2009 at 0:58 in Politics | viewed times | 0 Comments
By Dawn Kopecki Oct. 16 (Bloomberg) — Derivatives legislation approved by a U.S. House panel yesterday would prohibit swaps dealers such as Goldman Sachs Group and JPMorgan Chase & Co. from collectively owning more than 20 percent of a clearinghouse. “An inherent... (Continue reading)