April 28, 2014 BY Andrew Saks-McLeod
US zones in on overseas swap trading practices as concerns arise over restructuring
The US Commodity Futures Trading Commission has begun to monitor steps taken by US banks which allow them to trade swaps with foreign entities which fall outside the Dodd-Frank rulings The main U.S. derivatives regulator has begun monitoring the latest effort by Wall Street banks to avoid U.S. swap-trading restrictions by restructuring their overseas trading…
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