Big Firms Exempt From New Derivatives Rules
Under a draft bill aimed at regulating over-the-counter derivatives trading, some large companies such as oil and airline groups would hold an exemption. The Treasury wants all standardized derivatives to be processed through clearinghouses, a move seen as reducing risk, but some large companies said the change would oblige them to produce large amounts of cash. The exemption would allow their derivatives trading to continue as is.
posted by Victor Lloyd Smith @ 10:38 AM
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