Derivatives regulation remains the biggest point of debate from the Senate bill on financial reform.
The push-out provision for spinning derivative portfolios and the difficulties in managing new and old transactions are among US banks’ biggest worries.
On Tuesday, House Financial Services Committee Chairman Barney Frank was reported to have said that the derivatives rules weren’t crucial to the overhaul of regulation and that the Senate bill “goes too far”.
A day later a key figure from the Treasury Department echoed this sentiment by questioning the importance of forcing banks to...