Bucking industry objections to U.S. regulatory oversight of cross-border swaps, London-based ICAP asks to register a SEF.

Bucking industry objections to U.S. regulatory oversight of cross-border swaps, London-based ICAP asks to register a SEF.

Underfunded relative to other financial agencies, CFTC is losing senior staff and making special arrangements with Treasury Department just to stay open.

Underfunded relative to other financial agencies, CFTC is losing senior staff and making special arrangements with Treasury Department just to stay open.

After three-month review, agency may decide next month to require interest rate swaps, credit default swaps, and other securities to trade on the platforms.

After three-month review, agency may decide next month to require interest rate swaps, credit default swaps, and other securities to trade on the platforms.

Banks complain that last week's CFTC policy, published as a staff advisory, may expose overseas transactions to even more U.S. regulation.

Banks complain that last week's CFTC policy, published as a staff advisory, may expose overseas transactions to even more U.S. regulation.