A key lawmaker in the push to regulate derivatives has vowed in a letter to regulators to try to strengthen proposed rules.

House Financial Services Committee Chairman Barney Frank, D-Mass., wrote Tuesday to the heads of the two agencies that would probably be responsible for overseeing derivatives markets to reassure them that he would try to close some loopholes that they, along with other observers, identified in his derivatives legislation.

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.