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Warren Pushes U.S. Regulators to Revisit Wall Street Swaps

Senate Banking Hearing On Equity Market Structure And Electronic Trading
Photographer: Andrew Harrer/Bloomberg

If Wall Street firms thought the backlash to its roll-back of stricter derivatives rules had died down, Senator Elizabeth Warren and a colleague in the House have different plans.

Warren, a Massachusetts Democrat, and Representative Elijah Cummings, a Maryland Democrat, are asking financial regulators including the Federal Reserve and Federal Deposit Insurance Corp. for information about how last year’s easing of a key Dodd-Frank Act requirement exposes taxpayers to the risk of future bailouts.