The U.S. Senate passed a $955 billion rewrite of agriculture law by an even larger margin than last year, sending it to the House of Representatives, where disagreements over food stamps and farm subsidies may complicate passage.
Top executives of the two largest U.S. derivatives exchanges say regulators must take further steps to align Dodd-Frank Act rules with those of foreign counterparts to avoid oversight splits that could harm markets.
Representatives Barney Frank (D-Mass) and Mike Capuano (D-Mass) introduced a bill Thursday night that would merge the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
The financial crisis of 2008 set off a chain reaction in Washington D.C. and financial centers around the world. Regulation with a capital R was back in as politicians set out to crack down on financial markets.