Derivatives bill’s loophole may exempt firms, Gensler says

Legislation by Rep. Barney Frank to tighten derivatives regulation contains an exemption that may let most financial firms escape new collateral and disclosure rules, the head of the Commodity Futures Trading Commission said. The provision is among several loopholes in the draft legislation, officials of the CFTC and Securities and Exchange Commission said in testimony Wednesday ...

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Derivatives bill’s loophole may exempt firms, Gensler says

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