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Ice Clear Europe cleared Eu5.9bn ($8.4bn) of credit default swap index contracts last week. So far, its rival Eurex Credit Clear has...
“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”
The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.