The Securities and Exchange Commission is moving forward with measures mandated by the Dodd-Frank Act by adopting rules intended to improve clearing agencies' risk management practices. "These new rules are designed to ensure that clearing agencies will be able to fulfill their responsibilities in the multitrillion-dollar derivatives market as well as more traditional securities markets," said SEC Chairman Mary Schapiro. "They're part of a broader effort to put in place an entirely new regulatory regime intended to mitigate systemic risks that emerged during the financial crisis."

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