Banks Commit To Clearing Targets

08 Sep 2009

Some 15 dealers have sent clearing targets to William Dudley, president of the Federal Reserve Bank of New York, with copies to a dozen various state, national and international agencies.

Some 15 dealers have sent clearing targets to William Dudley, president of the Federal Reserve Bank of New York, with copies to a dozen various state, national and international agencies. Regarding credit default swaps, the banks have committed to submitting 95% of new eligible trades ...

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