Regulators didn't get everything they wanted from Barney Frank's derivatives legislation,...

|By:, SA News Editor

Regulators didn't get everything they wanted from Barney Frank's derivatives legislation, approved in committee 43-26, but they were pretty positive about key changes: higher capital and margin requirements and clearinghouse processing. Treasury deputy Michael Barr: "tough, strong piece of legislation." CFTC's Gensler: a "significant step." SEC's Schapiro: "a very important step forward."