WASHINGTON - House Banking Committee Chairman Jim Leach on Monday reiterated his criticism of the comptroller of the currency for letting three national banks hold commercial stock for hedging equity derivative swaps.

Speaking in New York at a conference on international financial issues sponsored by Deloitte Touche Tohmatsu, the Iowa Republican again voiced his concerns that the agency was secretly trying to sidestep the longtime ban on bank investments in commercial enterprises - a ban that was reinforced by last year's financial reform law.

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