CFTC expands some swaps rules to foreign firms

|By:, SA News Editor

The Commodity Futures Trading Commission has extended some its swaps regulations to foreign financial firms that do business in the U.S., including for clearing and data reporting requirements connected to transactions.

However, these are areas that overseas authorities believe shouldn't fall under U.S. rules, and the CFTC's decision could lead to further criticism of American overreach.

ETFs: EUFN, IPF, IXG, AXFN, EMFN, KBWX