Good morning Chairman Bachus, Ranking Member Frank and members of the Committee. I thank you for inviting me to testify at today’s hearing. I’m pleased to be on a panel along with my fellow regulators. I appreciate the opportunity to discuss the Commodity Futures Trading Commission’s (CFTC) ongoing efforts to implement swaps market reforms, including for the credit default swap (CDS) index products traded by JPMorgan Chase’s Chief Investment Office (CIO).
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