WASHINGTON — A controversial derivatives regulation plan would allow large banks to spin off their derivatives operations into an affiliate under the same parent company, an aide to Senate Agriculture Committee Chairman Blanche Lincoln, D-Ark., said Wednesday.

The statement from Courtney Rowe, a spokeswoman for Ms. Lincoln, clarifies confusion about a fundamental part of the financial overhaul bill, which many believed could have forced banks to completely spin off their derivatives desks into separate entities. The legislative language in the financial overhaul bill was ambiguous about whether complete spinoffs would be required.

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