WASHINGTON (Reuters) - On Monday, October 15, top U.S. derivatives regulator Gary Gensler watched a mock ceremony to mark the start of a broad overhaul of the swaps industry that started that day. In a conference room at the Commodity Futures Trading Commission (CFTC), two senior staff members cut a white ribbon hanging over a copy of the 2010 Dodd-Frank act. Yet the preceding Friday, the agency had slipped through a batch of letters to grant exceptions to the rules it was now celebrating. ...

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