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Global Swaps Rules Will Protect US Taxpayers: CFTC Chief

By Evan Weinberger ( May 21, 2012, 2:44 PM EDT) -- Derivatives regulations must extend to U.S. banks' foreign branches because losses those overseas banks take on failed trades are backstopped by the U.S. parent and, by extension, U.S. taxpayers, a top regulator said Monday....

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