The specter of increased bank regulation has again reared its head: Newly elected Commodity Futures Trading Commission Chairwoman Mary Shapiro said the commission would reconsider its exemption of OTC derivatives dealers from regulation.

Last year, the CFTC exempted over-the-counter swaps from regulation, prompting critics to say the commission was abdicating its duty. But Monday, the commission voted to solicit public comments on a proposal to cut back the list of swaps dealers exempted lrom its scrutiny. The CFTC also proposed an antifraud law that would allow it to bring fraud charges against swaps dealers.

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