Sen. Lincoln weighs compromise on derivatives proposal

06/14/2010 | Bloomberg Businessweek

Sen. Blanche Lincoln, D-Ark., is considering a compromise that would give commercial banks two years to spin off their swaps-trading desk to a subsidiary. The proposal also would give the Federal Reserve power to offer emergency aid to swaps dealers. The compromise would not water down the original measure, which is aimed at separating commercial-banking operations from derivatives-trading businesses, a spokeswoman for Lincoln said.

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