WASHINGTON -- Derivatives are likely to continue to be a hot topic in the new Congress, but Republican role probably won't result in the enactment of derivatives legislation next year, according to several congressional aides.

However, legislation giving added securities powers to banks could be approved next year, the aides predicted last week at a Washington conference sponsored by the American Bar Association.

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.