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The U.S. Securities and Exchange Commission released a staff analysis of data on credit-default swap transactions, designed to help evaluate final Dodd-Frank Act rules for the $708 trillion global swaps market.
The analysis by the agency’s Division of Risk, Strategy and Financial Innovation was made available today as part of the comment file for rules proposed with the Commodity Futures Trading Commission, the SEC said in a statement. The rules, proposed in December 2010, will define the terms “swap dealer,” “security-based swap dealer,” “major swap participant,” “major security-based swap participant” and “eligible contract participant,” the agency said.
The SEC staff expects that commissioners will consider the adoption of rules defining the terms within the next several weeks, according to the statement.
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