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Derivatives

"This proposal has gotten managers asking, 'How realistic is it that we rapidly develop a level of transparency similar to exchange-traded markets where we also have robust reporting and price discovery?' We probably shouldn't be overly optimistic given this first test case."

--Matthew Kerfoot, counsel at Dechert, on the outlook for changes in derivatives regulation given an interim rule prior to the Dodd-Frank Act's enactment.

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