Professor Roberta Karmel was quoted in the Washington Post
on the debate over the derivatives bill in the House of Representatives. The bill would require banks and firms to meet capital and reporting requirements, as well as trade through clearinghouses in a move towards remaking the nation's financial regulatory system. If it passes, an agency will be created to protect mortgage and credit card consumers. However, some worry that the legislation may hamper regulation, including Professor Karmel who questioned, "Will it be effectively regulated? Or will there still be this gap where it's not clear which agency will do what? Or will there be duplicative regulation?"Read
the full article.