A new regulatory landscape for the country's derivatives markets could be law by the end of June, according to top legislators.
Lawmakers in the Senate and House currently are tasked with reconciling two financial reform bills passed by their respective bodies in recent months. Among the areas affected by the legislation are OTC derivatives. One possible outcome of the negotiations is a clearing requirement for the off-exchange deals.
One aspect of the Senate bill that is unlikely to survive, however, is a requirement that banks spin off their derivatives business. The measure has met resistance from both major parties.