U.S. Swaps Regulator Approves Delays In Cross-Border Rules

Politics Reuters

The U.S. Commodity Futures Trading Commission voted 3-1 on Friday to delay the date when financial firms must begin complying with some of its new cross-border derivatives rules.

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The swaps regulator had already approved new guidance laying out how its rules will apply to foreign firms doing business with U.S. companies. The commission opted to phase in the implementation of the rules to give firms more time to comply.