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Article: Regulation: Lugar Hears Industry Call for a Clean-Slate Approach.
- Article from:
- The Bond Buyer
- Article date:
- March 1, 1999
CopyrightCOPYRIGHT 1999 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Rachel Koning Sen. Richard Lugar called derivatives and futures industry representatives to Washington last week in search of a consensus on public policy. And while a two-day roundtable fell short of producing that consensus, the Indiana lawmaker learned that several industry professionals favor "tabula rasa," a clean slate, when it comes to a regulatory framework. Lugar, the chairman of the Senate Agriculture Committee, and his House counterpart, Rep. Larry Combest of Texas, are faced with reauthorizing the Commodity Exchange Act by 2000. Before that can be done, the two Republicans are undertaking a thorough review of the way both exchange- traded derivatives, such ...