The new rules will also be harmonized with those currently used by the U.S. Commodity Futures Trading Commission, an independent agency which regulates derivatives trading. SEC officials told reporters they expected a total of about five entities to register under the new rules. The new rules highlight how regulators, more than a decade after Congress adopted the landmark Dodd-Frank Wall Street reform legislation, are still trying to reform the swaps market that helped bring down Lehman Brothers and other banks.
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