Key senator proposes liming all swaps, derivatives trading to regulated exchanges

摘要

The head of the US Senate Committee on Agriculture, Nutrition and Forestry took anti-speculation legislation to the next level on November 20, proposing a bill that would ban all trading of over-the-counter swaps and derivatives that does not take place on a regulated futures exchange."I am absolutely convinced that we must outlaw ... any kind of over-the-counter swaps and derivatives," Senator Tom Harkin, an Iowa Democrat, said in a conference call with reporters. "We have to bring all of these swaps and derivatives - all of them - onto regulated exchanges."