Financial landscape changes before overhaul is complete
U.S. lawmakers are still working on legislation to overhaul financial regulation, but the financial landscape has already started to change, according to Reuters. Some major financial firms are forgoing the private-equity business, others are beefing up their capital reserves and some are improving transparency of the over-the-counter derivatives market. The financial industry continues to try to sway lawmakers on key points of regulatory reform, but some companies are not waiting, Reuters notes.