By Lisa Lambert WASHINGTON (Reuters) - The U.S. derivatives regulator will move on from reforms undertaken after the 2007-09 financial crisis to a new focus on U.S. competitiveness and the potential for shocks to the global $710 trillion swaps markets under President-elect Donald Trump. J. Christopher Giancarlo, in line to head the Commodity Futures Trading Commission once Trump is inaugurated on Jan. 20, has said the agency should look beyond mandates from the 2010 Dodd-Frank Wall Street reform law to current trends in financial markets. As the sole Republican on the CFTC, Giancarlo will at least temporarily run the commission where he is currently the minority member.
By Mitch Phillips LONDON (Reuters) - More than 1,000 Russian competitors across more than 30 sports were involved in an institutional conspiracy to conceal positive doping tests as Moscow 'hijacked international sport', an independent WADA report said on Friday. The second and final part of the report for the World Anti-Doping Agency (WADA) by Canadian sports lawyer Richard McLaren provided exhaustive evidence of an elaborate state-sponsored doping scheme operated by Russia's Sports Ministry. "We are now able to confirm a cover-up that dates back until at least 2011 that evolved from uncontrolled chaos to an institutionalized and disciplined medal-winning conspiracy," McLaren told a news conference on Friday.