| Regulators, having already missed the main deadline to implement complex rules to rein in the vast derivatives market, are continuing to struggle in their quest to set the rules to prevent a repeat of the 2008 financial crisis.
Commodity Futures Trading Commission Chairman Gary Gensler said in a Thursday meeting that several major new rules for over-the-counter derivatives market won't be finalized until 2012, including rules on how much cash companies need to set aside to protect against losses on derivatives bets..............................................Full Article: Source
|