29-04-2015 16:06 via news.yahoo.com

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

U.S. regulators on Wednesday were poised to re-propose certain 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 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. The SEC's plan unveiled on Wednesday would cover transactions between non-U.S. comp
Read more »