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Futures Association Role Raises Doubts About Swaps Regulation

If the Commodity Futures Trading Commission receives the funding it's asking for, the once-niche National Futures Association will be given an unprecedented role in overseeing major banks' activities in the swaps and futures markets.

If, as is entirely possible, the CFTC fails to get its funding, the NFA's authority will likely be even greater.

Read the full story at The American Banker