CFTC-EC swaps accord not working, says MEP Swinburne

Accord has not solved swaps liquidity fragmentation

Kay Swinburne

The new transatlantic swaps trading accord recently agreed by US and European regulators, aimed at preventing the fragmentation of liquidity in swaps markets, appears to be falling short of expectations, according to Kay Swinburne, a member of the European Parliament (MEP).

Speaking to Risk on the sidelines of the Futures Industry Association's annual meeting in Florida, Swinburne, who sits on the European Parliament's committee for economic and monetary affairs, stated her support for substitut

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