The U.S. Commodity Futures Trading Commission (CFTC) is considering a six-month phase-in period to implement new rules for overseas swaps trades, according to two people with knowledge of the deliberations.
Regulators face a Friday deadline to resolve a deadlock over how far to expand the regulator's oversight over trades conducted outside the U.S. by banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc.
CFTC members remain at odds over the regulator's overseas reach, according to the people, who spoke on condition of anonymity because the deliberations are private. The agency has set a July 12 meeting to vote on the rules.
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