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Wall Street Joins CME in Winning Delays of U.S. Swaps Rules

Overseas branches of U.S.-based banks won't have to tally swaps right away.

By Silla Brush | Updated on October 15, 2012

Oct. 13 (Bloomberg) — CME Group Inc., energy traders and Wall Street banks won delays and exemptions from the U.S. Commodity Futures Trading Commission as regulations intended to improve oversight of the swaps market took effect.

Among a flurry of short-term extensions, the CFTC announced that foreign entities including the overseas branches of U.S.- based banks would not have to begin tallying swaps right away and perhaps not until the end of the year.

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