U.S. Derivatives Regulator Again Delays Curbs on Overseas Trades
- CFTC reprieve means some trades exempt from rules until 2017
- Agency and Wall Street have battled over regulations
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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.