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Banking Regulators Should Not Give Wall Street’s Five Biggest Banks a $40 Billion Deregulatory Gift for Their Dangerous Derivatives Trading

The five US banking regulators have proposed to eliminate initial margin requirements on interaffiliate derivatives.  This is a deregulatory gift worth more than $40 billion to Wall Street’s five largest banks who have been lobbying for this because they are also the five largest derivatives dealers, handling about 90% of all U.S.