U.S. lawmaker criticizes effort to loosen derivatives rules

04/3/2012 | Reuters · Hill, The

The U.S. House is expected to vote on legislation introduced by Republicans that would ease restrictions on derivatives trading as mandated by the Dodd-Frank Act. Rep. Barney Frank, D-Mass., said he will fight the effort. "Thoroughly hoping to take advantage of the fact that public attention is now focused on the budget and the health care bill, House Republicans are moving substantially to weaken the regulation of derivatives, which Congress adopted in 2010," Frank said. Republicans and industry groups, however, are voicing concern about unintended consequences of the reform.

View Full Article in:

Reuters · Hill, The

Published in Brief: