Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Regulators Set July 2013 Deadline for Dodd-Frank Swaps Pushout

March 30 (Bloomberg) -- Banks must push out by July 2013 part of their swaps-trading business from subsidiaries that get U.S. assistance through deposit insurance or the Federal Reserve’s discount lending window, three regulators said.

Banks including JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. must comply with the Dodd-Frank Act’s so-called push-out provision by July 16, 2013, the Fed, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency said in a statement today.

To contact the reporter on this story: Silla Brush in Washington at sbrush@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.