The Economist – The crucial details of derivatives reform remain elusive

The House plans exclude firms that are not “systemically important” or do not expose their counterparties to “significant credit losses”. But as Kevin McPartland of TABB Group, a research firm, points out: “A few years ago AIG would not have been considered systemically important.”

http://www.economist.com/businessfinance/displaystory.cfm?story_id=14649276

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