NEW YORK - Less than a year after their worst public relations fears exploded into front page news, derivatives dealers are on the offensive and looking to stave off more stringent regulation.

Speakers at last week's North American Regional Conference of the International Swaps and Derivatives Association said they hope to shift the debate away from having regulators establish capital requirements - as proposals by the Bank of International Settlements would require - in favor of letting banks doing it themselves.

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.