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Bank scandal sparks CFTC outrage, aggression

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In the wake of a massive settlement, Commodity Futures Trading Commission chair Timothy Massad suggested on CNBC's " Closing Bell " that his agency needs more resources to ensure similar events don't happen again.

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European Union

Banks eye victory on EU derivatives

Banks and asset managers are poised to win an exemption in rules for trading derivatives from European lawmakers, who already said they would give them a one-year delay of new financial regulations.