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European, U.S. Officials Said to Meet Privately on Swap Rules

Regulators discuss ways to coordinate national regulations governing swaps.

By Silla Brush, Bloomberg | Updated on November 06, 2012

European and U.S. officials are meeting privately in Washington this week to discuss ways to coordinate rules governing swaps traded by Goldman Sachs Group Inc., JPMorgan Chase & Co. and other firms, according to two people with knowledge of the matter.

The two-day session, in advance of a Nov. 7 public meeting on the issue, is hosted by the staff of the Commodity Futures Trading Commission and Securities and Exchange Commission, according to the people, who spoke on condition of anonymity because the meeting is closed to the public. The private meeting began today at CFTC headquarters and was slated to include representatives from the European Commission and European Securities and Markets Authority, according to one of the people.

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