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At a hearing before the House Financial Service Committee, FTX's new CEO John J. Ray III testified on the events leading up to the company's collapse.

In response to a Financial Stability Board Consultation Paper on the adequacy of central counterparty ("CCP") financial resources for recovery and resolution, three financial industry trade associations argued that a "better balance between loss allocation to clearing participants and loss allocation to CCPs would promote better outcomes..."

Commentary by Eric Waxman

In Holliday v. Credit Suisse Securities USA LLC, United States District Court for the Southern District of New York Judge George B. Daniels affirmed the dismissal of state law transfer avoidance claims related to a leveraged securities buyout transaction.