Sen. Lincoln To Exempt Community Banks From Swaps Spinoff Bill (Wall Street Journal)

By | June 15, 2010

Senator Lincoln is backing down slightly from originally proposed derivatives amendment.  Its still far from reality in my opinion, but we’re getting there.

“The fact the [legislation] is so broad-reaching may cause problems for small banks that already have capital constraints and are also not budgeting for the legal ramifications of this,” said Kevin McPartland, a senior analyst at TABB Group.

Full article at Wall Street Journal Professional

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