U.S. Derivatives Regulator Weighs Delay in Cross-Border Rule
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The U.S. Commodity Futures Trading Commission is considering a six-month phase-in period to implement new rules for overseas swaps trades, according to two people with knowledge of the deliberations.
Regulators face a Friday deadline to resolve a deadlock over how far to expand the regulator’s oversight over trades conducted outside the U.S. by banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc.