Oct. 13 (Bloomberg) — CME Group Inc., energy traders and Wall Street banks won delays and exemptions from the U.S. Commodity Futures Trading Commission as regulations intended to improve oversight of the swaps market took effect.
Among a flurry of short-term extensions, the CFTC announced that foreign entities including the overseas branches of U.S.- based banks would not have to begin tallying swaps right away and perhaps not until the end of the year.
The agency also said that swaps traded by companies transitioning to futures at CME, owner of the world's largest futures exchange, will not count toward new swap dealer registration requirements until Dec. 31.
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