OTC Derivatives: Closing Clearinghouse Loopholes

My Akron Law colleague, Willa Gibson, has an excellent post up at the Akron Law Cafe arguing that the final version of the financial reform bill should include a grant of "rulemaking authority to the CFTC to identify the types of OTC derivatives transactions it believes should be cleared that have not been submitted to clearinghouses for clearing."  Such authority is apparently a part of the Senate, but not the House version of the bill.

SJP