Overseas SWAPs Trading Opposed by Gensler Approved

The U.S. Commodity Futures Trading Commission and European regulators today announced they have agreed to ease restrictions on access to the type of electronic trading venues where overseas affiliates of U.S. firms can continue trading SWAPs, The Wall Street Journal is reporting. Such a move is viewed as a benefit to those trading SWAPs because it will make it easier for them to circumvent tougher U.S. SWAPs rules. If “comparable” rules exist, overseas trading permitted Although exact details of the rules are not clear, the new rules will allow U.S. firms to trade on European platforms so long as those…