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Dodd-Frank Swaps Legislation Delayed After JPMorgan Trade Losses

U.S. House lawmakers, acting after JPMorgan Chase & Co. announced $2 billion in derivatives trading losses, delayed a committee vote on legislation easing Dodd-Frank Act swaps rules.

The U.S. House Agriculture Committee postponed a May 17 committee meeting to vote on the measures, which would limit the international reach of the 2010 regulatory-overhaul law’s swaps regulations and allow more derivatives trading to occur in federally insured banks.