Calif. Treasurer Calls For Curbs On Muni Swaps
California Treasurer Bill Lockyer has called on regulators around the world to adopt legislation that would curb leverage in the trading of municipal credit default swaps to help prevent speculative trading of the derivatives.
California Treasurer Bill Lockyer has called on regulators around the world to adopt legislation that would curb leverage in the trading of municipal credit default swaps to help prevent speculative trading of the derivatives. Lockyer, who has asked Congress to include a ban on naked trading of municipal
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