U.S. House Subcommittee Approves Repeal of Swaps ‘Push-Out’ Rule
By Phil Mattingly
Published November 16 2011 Bloomberg
A U.S. House panel approved four measures to cut back new regulations aimed at the $601 trillion swaps market, including a measure to repeal the so-called “push-out” provision requiring depository banks to transfer derivatives trades to an affiliate.
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