WASHINGTON, March 11 (Reuters) - U.S. Securities and Exchange Commission Chairman Mary Schapiro said on Thursday:
* Says important for congress to pass legislation to
regulate otc derivatives market
* Says credit default swaps market needs to be more transparent
* Says regulators need authority to supervise cds market
(Reporting by Rachelle Younglai: +1 202 898 8400, washington.newsroom@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says important for congress to pass legislation to
regulate otc derivatives market
* Says credit default swaps market needs to be more transparent
* Says regulators need authority to supervise cds market
(Reporting by Rachelle Younglai: +1 202 898 8400, washington.newsroom@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.