Bill would limit role of banks in derivatives market

03/31/2010 | Hill, The

Sen. Sherrod Brown, D-Ohio, is supporting legislation that focuses on possible conflicts of interest in the derivatives market, through banks' dominance. Sen. Christopher Dodd, D-Conn., did not include Brown's measure in legislation to overhaul financial regulation, but industry insiders expect it to resurface. "It's an effort to get the government to pick winners and losers in what ought to be a competitive marketplace," said Cory Strupp, managing director of government affairs at SIFMA. "To the extent that there are issues, it seems to me that you ought to deal with them in a way that interferes as little as possible with the functioning of the marketplace."

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Hill, The

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