Firms may soon resume slicing and dicing bonds to create secondary market derivatives out of debt sold by local California issuers.

The state Senate's banking committee will hold a hearing today on a measure to exempt most deals from a law passed last October that was intended to prevent abusive leaserelated transactions but also managed to complicate derivatives transactions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.