Bankers hope for derivatives reprieve under US Dodd Bill

Banks lobby to avoid spinning off swaps desks under planned regulatory reform

WASHINGTON, DC — The Senate passed its package of regulatory reform measures, commonly known as the Dodd Bill, on May 20. The House and the Senate will now work on ironing out the differences between the two versions of the legislation they have each passed through the reconciliation process. Bankers are lobbying hard to ensure some of the more contentious provisions in the bill are toned down or eliminated before it reaches President Obama’s desk. One such issue is the Lincoln provisions in the