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| Economy |
| Congress eyes CDS speculation clampdown |
| 2009-07-27 |
| Congress will consider steps to curb speculation in the credit default swaps market and could ban naked swaps, according to a U.S. House of Representatives Committee document obtained by Reuters. The bill would give regulators authority to set position limits on credit default swaps (CDS) dealers. It would also shift oversight of ICE Trust Clearinghouse from the Federal Reserve to the Securities and Exchange Commission, the document said. |
| Posted by:tipper |