Major dealers face July deadline for swaps push-out rule

05/15/2013 | Risk.net (subscription required)

Goldman Sachs, Bank of New York Mellon and a few other major U.S. dealers are looking to the Federal Reserve to offer a reprieve on swaps push-out rules. The rules require banks to rehouse some derivatives desks in separate affiliates or shut them down by the July 16 deadline. The Office of the Comptroller of the Currency has delayed the deadline for most banks, but the OCC doesn't oversee some of the largest dealers.

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