Ag Committee moves US closer to derivatives reform

The US House Agriculture Committee has passed a White House-backed derivatives reform bill, bringing compulsory central clearing of standardised over-the-counter contracts another step closer.

Last week, the House Financial Services Committee passed a similar bill – it will now move on for discussion by the entire House, although a date for the debate has not yet been announced. Both committees passed the bills with similar amendments to exempt non-financial end users from the requirement to

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