WASHINGTON — A Securities and Exchange Commission official asked a congressional committee yesterday to strengthen its draft bill to regulate over-the-counter derivatives so that all securities-based swaps are treated as securities. However, the request was met by resistance from the panel’s chairman and another regulator.

Henry Hu, director of the SEC’s division of risk, strategy, and financial innovation, warned the House Financial Services Committee that its proposed derivatives bill would provide opportunities for “gaming” the regulatory system because the Commodity Futures Trading Commission would regulate swaps based on a broad-based index of securities while the SEC would only oversee swaps based on a narrow-based index of ­securities.

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