Risk – The conference committee charged with reconciling the financial regulatory reform bills passed by the US Senate and House of Representatives reached the end of its first week yesterday with scant progress to show for three full days of negotiations on the content of the final bill.
The process has been repeatedly interrupted by floor votes in both the House and Senate, often leaving one side of the conference table empty while the remaining delegates vote among themselves on whether to approve offers or counter-offers to the delegation from the opposing chamber.
