SPECIAL REPORT-How Wall Street captured Washington's effort to rein in banks

April 9, 2015 2:43 PM

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NEW YORK, April 9 (Reuters) - In the aftermath of the 2008 financial crisis, Keith Higgins was certain: Banks weren't to blame.

Higgins, a top attorney at prominent law firm Ropes & Gray LLP, was chairman of an American Bar Association committee on securities regulation. As such, he lobbied strenuously against a rule U.S. regulators were drafting that would require banks to disclose a lot more about asset-backed securities l...

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