3/24/2010

Lawmakers have attempted to come to a consensus on a requirement that most over-the-counter derivatives make their way through a central clearinghouse as a way to mitigate risk. An agreement has yet to be reached, leaving the future of the derivatives market up in the air. "[Bipartisan] talks on derivatives reform have collapsed, which we believe significantly diminishes the prospects for OTC derivatives reform becoming law this year," said analysts at Keefe, Bruyette & Woods.

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