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Consensus for derivatives reform-US House chairman

Posted on 05 February 2009

From Reuters: Despite objections from the U.S. financial industry, there is consensus for “real steps to improve the transparency and oversight of derivatives markets,” the House Agriculture Committee chairman said on Wednesday.

The Agriculture Committee is working on a bill to require most over-the-counter derivatives to be cleared by federally regulated clearinghouses and ban “naked” credit default swaps….. Full Article: Source


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