Commentary: Rep. Frank is expected to soften reform bill

05/23/2010 | Barron's (free content)

Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, is expected to help soften the final version of legislation to overhaul financial regulation. For example, a controversial provision offered by Sen. Blanche Lincoln, D-Ark., would prohibit banks from trading derivatives. Ken Bentsen of the Securities Industry and Financial Markets Association said derivatives trading likely would be forced onto exchanges, with nonfinancial end users being exempt.

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Barron's (free content)