Senior US lawmakers flag room for manoeuvre on derivatives reform

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Two senior lawmakers have indicated that there is some room for compromise on a tough set of derivatives reforms that has been written into the financial reform bill being debated in the US Senate.

In comments published on Sunday, Chris Dodd, the chairman of the Senate Banking Committee and author of the bill, told the Financial Times, a newspaper, that there was still scope for change to a proposal that would force banks to spin off their swaps operations. "We've got work to do and there's a lo

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