Afme global FX division calls for restraint on Sefs
The Commodity Futures Trading Commission (CFTC) should be allowed plenty of discretion when implementing rules on swap execution facilities (Sefs) enshrined in the Dodd-Frank Act, according to the global foreign exchange division of the Association for Financial Markets in Europe (Afme).
On March 8, the division submitted its response to a CFTC consultation on Sefs and stressed the Commission should "take the time to review the foreign exchange market and its products within the context of the
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