As Trump eyes Dodd-Frank, Chicago's trading interests gear up for a battle
from Crain's Chicago Business
For all the Trump team talk about gutting President Barack Obama's landmark financial law, Chicago's trading community is wagering that at least part of it will stick: swaps reform. Swaps were a villain in the Great Recession, and Obama's 2010 Dodd-Frank Wall Street Reform & Consumer Protection Act pushed them from clubby, private bank transactions onto public platforms. There they became a welcome addition to the Chicago trading world.
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