Rep. Frank indicates derivatives measure might be removed

Rep. Barney Frank, D-Mass., said a measure in the Senate's version of regulatory-reform legislation that would require banks to spin off their swaps-trading desks "goes too far." Frank, chairman of the House Financial Services Committee, has a key role in reconciling the House and Senate versions of the legislation. Bankers and regulators oppose the derivatives measure, offered by Sen. Blanche Lincoln, D-Ark.

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