Financial reform to be decided in US
US financial reform edges closer as legislators prepare for the reconcilation of the House and Seante bills
Politicians were due to start reconciling two financial reform bills in the US Congress as Risk went to press, with the aim of arriving at a single piece of legislation by July 4. Derivatives practitioners hope a controversial measure in the Senate bill, which prohibits federal government assistance for any swaps market participant, will be stripped out of the final version.
The latest phase in the year-long effort to reform financial markets began on May 20 after the US Senate passed the
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