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Knowledge Center A Review of Swap Transactions

In the aftermath of the 2008 financial crisis, regulators across the globe began assessing the root causes and seeking regulatory prophylaxis to mitigate the risk of recurrence. Much attention was ultimately focused on the regulation of over-the-counter derivatives, particularly swaps. In this context, swaps are financial contracts that typically involve the exchange of one stream of cash flows for a different stream of cash flows.

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