Another swaps bill - this one from House Energy Committee.

WASHINGTON -- The House Energy and Commerce Committee weighed in this week with its own derivatives bill, a measure aimed at regulating companies affiliated with insurance, securities, and other firms not now subject to supervision.

"This bill will close the regulatory black hole that has allowed derivatives dealers affiliated with securities or insurance firms to escape virtually any regulatory scrutiny," said Rep. Edward J. Markey, D-Mass., chairman of the Energy and Commerce subcommittee on finance and telecommunications.

Among the bill's provisions is one calling for "suitability standards," rules requiring dealers to determine whether a derivative product is appropriate for an individual customer.

--Robert Garsson

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