US bill proposes greater OTC regulation

Defazio argued that the formation of such an amalgamated body is a necessary step towards his proposal to end the present CFTC’s regulatory exemption of OTC derivatives.

“It’s clear that the relentless drive to deregulate financial markets has left investors and consumers vulnerable,” said DeFazio.

But industry sources rate the passage of DeFazio's bill a low possibility. DeFazio, they said, is on none of the key legislative committees where his bill would be worked up, nor have chairman of key

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here