Revised Dodd bill includes tough U.S. swaps rules

Posted on Reuters.com.  Click here to view original article.

Reporting by Kevin Drawbaugh, Rachelle Younglai and Karey Wutkowski
Tue Apr 27, 2010 8:18pm BST


 WASHINGTON, April 27 (Reuters) - A revised version of Democratic Senator Christopher Dodd's bill to overhaul U.S. financial regulation includes provisions that could require banks to spin off their swaps desks, according to a copy of the measure obtained by Reuters on Tuesday.

Other aspects of the 1,558-page bill remain largely the same as earlier legislation from the Senate Banking Committee.