Derivatives Lobby Has U.S. Regulators on the Run -Roger Lowenstein (Bloomberg)

April 17, 2012

“The derivatives industry is squeezing Washington like a python. Desperate to control the tone and thrust of derivatives regulation, industry lobbyists have been swarming over the Commodity Futures Trading Commission and the Securities and Exchange Commission, each of which is writing derivatives rules as mandated by the Dodd-Frank reform law…The banks are opposed by a vociferous counter-lobby — groups such as Americans for Financial Reform — but not surprisingly these have neither the financing nor the influence of the banks. Dealers have engineered new legislation to amend Dodd-Frank even before it leaves the delivery room.” Click here for more.