On the recordApril 11, 2011
Congress said that those transactions that are cleared and made available for trading would be brought to swap execution facilities.
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congress.govCongress said that those transactions that are cleared and made available for trading would be brought to swap execution facilities.
Gensler explains Congress's mandate for transparency in swap transactions.
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Actually, sir, we follow the mandate. In 1996, Congress put in our statute that we had to do economic analysis, and we follow that.
I do share your concerns that this is a field that is rife with fraud and manipulation and scams.