29-04-2015 18:30 via news.yahoo.com

SEC re-proposes some key rules for swap dealers on U.S. soil

U.S. regulators on Wednesday re-proposed some rules targeting American and foreign swap dealers that run trading desks on U.S. soil, in a move to clarify which cross-border trades will be covered by certain U.S. regulations. The plan targets primarily large banks like Goldman Sachs (NYSE: GS-PB - news) Group Inc and Barclays Plc (LSE: BARC.L - news) , which run derivatives trading desks on American soil. Under the plan, transactions between non-U.S. companies that use U.S. personnel to arrange,
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