| From Reuters: The U.S. Congress is likely to pass a regulatory reform bill in 2010 that would include giving the top U.S. futures watchdog greater authority to regulate over-the-counter swaps, a commissioner at the Commodity Futures Trading Commission said on Thursday.
More transparency and rules for the unregulated U.S. over-the-counter derivatives markets -- valued at some $300 trillion -- are vital to creating a more stable financial system, said Scott O'Malia, who was confirmed as a CFTC commissioner last October........................................Full Press Release: Source
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