Legislation | Enron-related regulatory issues hit derivatives industry

Enron’s collapse has sparked calls for more derivatives regulation and stricter accounting standards in the US. What proposals should the derivatives industry be concerned about? Polyn

Many US politicians are looking to use the Enron scandal to score political points or push pet issues through Congress (see box). Some of these initiatives seek to increase government oversight of the listed and over-the-counter derivatives markets. But the legislative calendar is crammed with higher priority issues such as the budget, appropriations bills and campaign finance reform, so the Enron-related measures face an uncertain future.

The Enron issues with the strongest chances of