U.S. banks’ overseas swaps trades face new curbs under a U.S. Securities and Exchange Commission (SEC) plan adopted today, even as some members warned the regulation may not go far enough to rein in recent Wall Street efforts to escape the Dodd-Frank Act.
The Justice Department is expanding an Obama-era enforcement policy.
Future of the distribution rules is linked to the outcome of tax reform.
Prospect of slowdown or halt in Chinese purchases of U.S. government debt gives bond market the jitters.
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