Derivatives Lobby Has U.S. Regulators on the Run
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(Updates penultimate paragraph with agency votes on swaps dealers.)
The derivatives industry is squeezing Washington like a python. Desperate to control the tone and thrust of derivatives regulation, industry lobbyists have been swarming over the Commodity Futures Trading Commission and the Securities and Exchange Commission, each of which is writing derivatives rules as mandated by the Dodd-Frank reform law.