SIFMA working with banks, lawmakers on regulation of derivatives:

04/8/2009 | Hill, The

Leading lawmakers and the Obama administration are working on a proposal for establishing a systemic-risk regulator, which is expected to cover the previously unregulated derivatives sector. Meanwhile, JPMorgan Chase, Credit Suisse, Citigroup and other leading banks formed a coalition that is working with SIFMA to encourage regulations that are not overly burdensome to companies that use derivatives to manage risk.

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Hill, The

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