WASHINGTON -- A House subcommittee has asked the General Accounting Office to determine how well broker-dealers and other financial institutions manage the risks associated with derivative products, with the idea of possibly holding hearing on the issue next year.

Rep. Edward J. Markey, chairman of the House Energy and Commerce Committee's telecommunications and finance subcommittee, asked for the report in a letter sent last week to U.S. Comptroller Charles A. Bowsher, the head of the GAO, Congress's investigative arm.

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.