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Wall Street Wins Delay in Part of CFTC Overseas Swaps Policy

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.