SEC expected to consider softer approach to cross-border swaps

05/1/2013 | Bloomberg · Wall Street Journal, The

The Securities and Exchange Commission is set to vote today on a proposed rule governing cross-border swap transactions. The agency is expected to allow foreign financial firms to adhere to their jurisdictions' rules as long as they are comparable to U.S. rules, sources said. The SEC's move could put pressure on the Commodity Futures Trading Commission, which has taken a tougher approach to cross-border swaps.

View Full Article in:

Bloomberg · Wall Street Journal, The

Published in Briefs: