CFTC Considering Delaying Swaps Rules For Overseas Banks - Reuters

Date : 06/13/2012 @ 7:52PM
Source : Dow Jones News
Stock : JP Morgan Chase & Co. (JPM)
Quote : 114.77  1.07 (0.94%) @ 5:27PM

CFTC Considering Delaying Swaps Rules For Overseas Banks - Reuters

JP Morgan Chase (NYSE:JPM)
Historical Stock Chart

5 Years : From Aug 2013 to Aug 2018

Click Here for more JP Morgan Chase Charts.

The Commodity Futures Trading Commission, or CFTC, has drafted a proposed exemptive order to delay certain swaps rules for major overseas swaps players, including the foreign units of some U.S. banks, Reuters news agency reported Wednesday on its website, citing three unnamed sources.

The order would delay certain "entity level" swaps rules for foreign banks, including one that will require them to hold a certain amount of capital to back their trades, the report quoted the sources as saying.

The delay, which is expected to last at least a year, would extend to the foreign operations of major U.S.-based swap players such as JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), the report said, citing the sources.

The CFTC has tentatively scheduled a vote on the measure for June 21, the report added.

A CFTC spokesman declined comment, the report said.

Full Story:

Latest JPM Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.