Preparing for Financial Reform: Derivatives

Mondaq Business BriefingUnited States Law Articles in English (2010)

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Preparing for Financial Reform: Derivatives

The Senate has proposed strict federal regulation of over-the-counter (OTC) derivatives transactions in the Wall Street Transparency and Accountability Act of 2010, Title VII of the Senate financial overhaul bill, the Restoring American Financial Stability Act of 2010 which passed on May 20, 2010. The Senate bill takes a firmer hand to regulating the derivatives market than either the Obama administration or the House of Representatives recommended (th...

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