Wall Street won a delay in a controversial U.S. derivatives policy that extends the overseas reach of Dodd-Frank Act trading regulations.
The Commodity Futures Trading Commission (CFTC) will postpone enforcing a provision applying the rules to trades structured in the U.S. that banks then book in overseas affiliates, according to a notice posted on its website Friday. The agency granted the delay until as late as Sept. 30, 2015.
The policy, first devised in 2013, extended the agency's oversight and drew opposition from lobbying groups representing Goldman Sachs Group Inc., JPMorgan Chase & Co., and Deutsche Bank AG, as well as overseas regulators. The groups unsuccessfully sued the CFTC to try to overturn the regulation.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
