Wall Street Wins Delay in Part of CFTC Overseas Swaps Policy
This article is for subscribers only.
Wall Street won a delay in a controversial U.S. derivatives policy that extends the overseas reach of Dodd-Frank Act trading regulations.
The Commodity Futures Trading Commission will postpone enforcing a provision applying the rules to trades structured in the U.S. that banks then book in overseas affiliates, according to a notice posted on its website today. The agency granted the delay until as late as Sept. 30, 2015.