Regulators get big say on rules

WASHINGTON (AP) - Banking regulators shared the blame for the financial crisis that buckled Wall Street. Now they're the ones lawmakers are counting on to give final shape to the new overhaul of financial rules.

In section after section of the massive 1,560-page Senate bill, lawmakers leave much of the details for the regulators to figure out. For the financial industry, the more leeway regulators have, the more they can influence the final rules.

Of prime interest to the industry will be the final rules on derivatives, how much money and assets they must have on hand as capital, and to what degree they will have to give up their securities trading activities.