Regulators Overhaul Derivatives Market — With a Caveat

Federal regulators approved new rules on Thursday to shine a light on Wall Street trading, though with a crucial caveat

Federal regulators approved new rules on Thursday to shine a light on Wall Street trading, though with a crucial caveat

Ben Protess from NY Times reports that federal regulators approved new rules on Thursday to shine a light on Wall Street trading, but they also softened a crucial aspect of the plan in the face of lobbying pressure from the nation’s biggest banks.

In a long-awaited vote to tackle an essential cause of the 2008 financial crisis, the Commodity Futures Trading Commission voted to adopt an overhaul of the derivatives market, pushing the risky trading from the shadows of Wall Street into the light of trading platforms. For decades, such trading has eluded regulators and the public.

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