Jan
12

Wall Street Gets Early Win as House Tries to Ease Swaps Rules

By
  • Republican lawmakers approve legislation to rein in CFTC
  • Bill stalled last year, but might have new life under Trump

Republican lawmakers who want to rein in Wall Street’s watchdogs aren’t waiting around for Donald Trump.

In a likely preview of things to come, the GOP-controlled House passed legislation 239-to-182 Thursday that would make it much harder for the top U.S. regulator of the $544 trillion derivatives market to justify new rules. The bill also could reduce the Commodity Futures Trading Commission’s authority over some swaps trades made overseas, even if the transactions involve U.S. banks. Wall Street and Republicans have sought such a change for years…

Wall Street Gets Early Win as House Tries to Ease Swaps Rules

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.