Overview of US regulatory reforms
US legislators are shoring up a range of sweeping financial regulations to tighten derivatives trading. Pauline McCallion provides an overview to the regulatory changes in the pipeline
US legislators agreed on the most wide-ranging set of financial reforms to be enacted since the Great Depression on June 25, 2010, aiming to tighten regulators' grip on derivatives trading. While both chambers of Congress and the President still had to approve the reforms at the time of going to press, the creation of these new regulations seems to prove that the financial sector is set to change irrevocably as a result of the financial crisis of 2008.
These changes will undoubtedly also filter
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