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Regulators seek tighter oversight of derivatives debate
Regulators push for stricter oversight as House hearings unfold with about 170 companies including Boeing Caterpillar Ford GE and Shell lobbying against tougher rules. Rep Frank Lucas notes end users fear job losses while Rep Barney Frank warns the bill remains a work in progress with a potential December enactment. The derivative market faces scrutiny amid calls to curb risk and speculation.
MENTIONED IN THIS ARTICLE
Washington, D.C
House
Boeing Co
Caterpillar Inc
Ford Motor Co
General Electric Co
Shell Oil Co
Congress
America
Frank Lucas
R-Okla
Financial Services Committee
Rep
Barney Frank
D-Mass
Barack Obama
Frank