Banks and trade groups are preparing to fight proposed, strict regulations for the over-the-counter derivatives market. "We are worried that overregulation could stifle the market," said Scott Talbott, senior vice president of government affairs for the Financial Services Roundtable. "We are for disclosures, but have concerns that efforts to create one-size-fits-all will harm the markets." The push for new rules comes after problems in the credit default swap market.
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