Summary
WASHINGTON (Reuters) - The New York Federal Reserve delayed approving now-bankrupt's application to become a primary dealer after U.S. futures regulators flagged internal control problems.
New York Fed General Counsel Thomas Baxter, in testimony prepared for delivery on Thursday [Dec. 15] to a House Financial Services Committee panel, said that a pending enforcement case by the Commodity Futures Trading Commission in 2009 led the Fed to hold off on approving MF Global's application.See the full content of this document
Extract
Ny Fed Delayed Mf Global Primary Dealer Status
Primary dealers are the financial firms authoriz...
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