US Lawmakers Ponder Government Role in Derivatives Regulation

摘要

Legislative efforts to rein in speculative trading in commodity derivatives - including oil and natural gas - have triggered a debate among Democrats about how far the federal government should go to police socalled over-the-counter (OTC) transactions. Three similar pieces of financial reform legislation under negotiation in the House and a plan drawn up by Senate Banking Committee Chairman Chris Dodd aim to bring over-the-counter (OTC) transactions onto regulated exchanges or clearing houses.