Stephen Fidler, Gregory Zuckerman and Brian Baskin report in the Wall Street Journal March 10:

International momentum is building for stricter oversight of derivatives trading, as a top U.S. regulator recommended new limits on credit-default swaps and European leaders pushed for a ban on speculative bets against government debt following recent financial turmoil in Greece.

In the U.S., Commodity Futures Trading Commission Chairman Gary Gensler in a speech Tuesday offered his most-specific criticisms yet of credit-default swaps, the insurance-like contracts often blamed for the near-collapse of American International Group Inc. during the financial crisis.

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http://online.wsj.com/article/SB10001424052748704784904575111191528470212.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop