News, analysis and personal reflections on the markets & the financial sector

Friday, July 10, 2009

Geithner presses Congress for rules on derivatives market

Treasury Secretary Timothy Geithner is seeking laws for the $592 trillion derivatives market. Geithner is set to testify before a joint hearing of the House Agriculture and Financial Services committees to call for requiring all "standardized" contracts to be traded on exchanges or other regulated platforms. Disclosure rules also would apply to the derivatives contracts, Geithner said.

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