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NOVEMBER 20, 2008, 8:37 P.M. ET

New York Will Suspend Its CDS Plan

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New York State Insurance Superintendent Eric Dinallo told a U.S. House panel Thursday the state will delay "indefinitely" its plans to regulate credit-default swaps because of progress made by federal regulators toward herding the business into regulated, central clearinghouses.

"We have always wanted a holistic solution, ...

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