Late Change Sparks Outcry Over Finance-Overhaul Bill

July 2, 2010  |  

(Wall Street Journal) — Democrats are trying to quell an outcry over a last-minute change to their financial-regulation overhaul that has sparked confusion over regulation of the giant derivatives market. Nonfinancial companies that use derivatives in their regular business—such as airlines that hedge against the future price of jet fuel—say the legislation might now require them to set aside additional cash, or margin, when they enter into certain type of derivatives contracts. They say lawmakers meant to exempt them from such a requirement.

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