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CFTC May Delay Some Overseas Swap Rules

Change is part of a wave of last-minute postponements and exemptions by the agency.

By Silla Brush, Bloomberg | Updated on December 07, 2012

The U.S. Commodity Futures Trading Commission may delay some Dodd-Frank Act overseas swaps rules for about six months, part of a wave of last-minute exemptions and postponements to ease transition to new regulations.

The derivatives regulator may put off compliance for overseas-based operations of banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc. for some risk-management rules that begin to take effect at the end of the month, according to two people who asked not to be identified because the delay hasn’t been made public. The agency has already released more than 40 no-action letters postponing other Dodd-Frank rules, and officials have signaled that more are coming.

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