The CFTC wants firms to abide by a new policy imposing Dodd-Frank Act rules when they book trades overseas.
The largest Wall Street banks are fighting a new policy that gives the CFTC broad authority in overseas derivatives deals.
The CFTC wants to limit banks' ability to avoid new regulation by booking deals in overseas affiliates.
U.S. regulators will inject risk into the market if they don’t better coordinate Dodd-Frank Act rules with overseas counterparts, lawmakers say.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and other U.S. swap dealers could gain limits on the Dodd-Frank Act’s reach for overseas trades.
The European Union intensified its campaign against U.S. Federal Reserve proposals to toughen oversight of bank units belonging to overseas lenders.
Banks could help hedge funds avoid rules meant to reduce market risks by routing trades through overseas offices, the top U.S. derivatives regulator said in testimony prepared for a hearing on the Dodd-Frank Act.