Report: Democratic leaders agree on derivatives regulation

12/7/2009 | Reuters

Congressional committee chairmen are quickly moving toward a consensus that could require most over-the-counter derivatives to be traded on exchanges or other types of regulated platform. The leaders of two House committees with authority on financial regulation are in agreement on most of the tough issues, according to draft legislative language obtained by Reuters. The language resembles a bill backed by U.S. Sen. Christopher Dodd, D-Conn., chairman of the Senate banking committee.

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