Hill Panel Eyes Tweaks To Dodd-Frank Derivatives Regs

Law360, New York (October 14, 2011, 5:27 PM EDT) -- A panel of business leaders told a U.S. House of Representatives subcommittee Friday that proposed legislation regarding the $600 trillion over-the-counter derivatives market requires changes to clarify potentially devastating uncertainties in its current language.

The House Committee on Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises held the hearing, called "Legislative Proposals to Bring Certainty to the Over-the-Counter Derivatives Market," for advisement on four bills intended to clarify several controversial aspects of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.