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Wall Street Has Two Months to Meet Overseas Policy

CFTC moves effective date to Jan. 14 for policy requiring Dodd-Frank compliance on swaps trades made by U.S.-based traders on behalf of overseas affiliates.

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The top U.S. derivatives regulator gave Wall Street two months to abide by a new policy imposing Dodd-Frank Act rules on banks when they arrange trades domestically and then book them overseas.

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