International regulators want more time to consider new, tighter rules on derivatives, making it unlikely that the rules will be in place at the end of this year, as scheduled, according to the Wall Street Journal. Regulators in the U.K. would like an extra six months, while Japanese regulators are hoping for a year and Hong Kong, Australia and Singapore are looking for an indefinite hold.
Big U.S. banks have to start complying with new rules on swaps at the start of next year, and international firms that do business with U.S. companies were supposed to comply by mid-year, unless their own country had come up with similar regulations.
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:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 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.
