U.S. Derivatives Regulator Again Delays Curbs on Overseas Trades


(This article originally appeared on Bloomberg Markets)

Wall Street banks got a one-year reprieve from rules that would subject derivatives trades held overseas to tough U.S. oversight.

The delay announced Thursday by the Commodity Futures Trading Commission exempts some transactions set up in the U.S. to Dodd-Frank Act regulations until Sept. 30, 2017, as long as the trades are held in foreign affiliates.

“These actions are part of our overall effort to address the cross-border implications of swap activity, while at the same time harmonizing derivatives regulation with other jurisdictions as much as possible,” CFTC Chairman Timothy Massad said in a statement.

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