Bank Of England Aide Demands Tougher U.S. Derivatives Rules
REGULATIONS
A call for separately capitalized subsidiaries of securities houses which trade financial derivatives, such as swaps and options, to be brought under tougher regulatory control in the U.S. is being made by the Bank of England's executive director Brian Quinn.
Addressing a seminar last week in Washington organized by the Group of Thirty, a Washington-based think-tank chaired by Paul Volcker, former head of the U.S. Federal Reserve, Quinn reserved his most potent ammunition for the part of the
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