Editorial: Treasury is wrong to exempt FX swaps and forwards

11/20/2012 | New York Times (tiered subscription model), The

The Treasury Department says it is exempting foreign exchange swaps and forwards from the Dodd-Frank Act because the market is already transparent enough and stable. "That is a distressing argument," according to this New York Times editorial. "Research and other analyses have shown the risks in this market."

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New York Times (tiered subscription model), The

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