Mexico unveils new swaps rules to boost transparency

April 17, 2015 11:32 PM

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MEXICO CITY, April 17 (Reuters) - Mexico's central bank on Friday unveiled new rules aimed at limiting risk in the swaps market, despite concerns the measures could push trades into the United States where such instruments are subject to less oversight.

The Mexican rules are in line with regulation being hammered out by U.S. regulators seeking to boost transparency in the $690 trillion global derivatives market.

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