Banks are given 2-year extension on rule for swaps push-out

The Office of the Comptroller of the Currency has given seven large banks a two-year extension to move their swaps operations into separate affiliates. The move comes less than a week after the Federal Reserve said foreign banks also will be eligible for the two-year delay in complying with the rule, which is due to take effect July 16.

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San Francisco Chronicle (free content) · Wall Street Journal, The

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