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SEC Chairman Walter Says Cross-Border Swaps Rules Top Agenda

Completing Dodd-Frank rules, including those governing cross-border swaps, tops the U.S. Securities and Exchange Commission’s agenda this year, SEC Chairman Elisse Walter said today.

The 2010 Dodd-Frank overhaul of financial regulation required the SEC and the Commodity Futures Trading Commission to draft rules to increase transparency in the swaps market. The SEC’s rules would address the overseas reach of regulations governing security-based swaps. The agencies missed a July 2011 deadline to complete most of their Dodd-Frank regulations.