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In testimony to Congress, Chairman Massad cites big problem with frequency of inspections of exchanges and clearinghouses.
Investors say new CFTC rules arent enough to salvage discredited benchmark.
BBA under pressure to come up with alternative way to calculate the benchmark.
Regulators, banks meet to discuss changes amid allegations benchmark was manipulated.
Traders say discussions on setting the rate were routine after money markets froze.
Creditors break off negotiations amid dispute over coupon on new bonds.