WASHINGTON Dec 21 The top U.S. derivatives
regulator said on Friday it would give foreign banks dealing
swaps with U.S. companies more time to comply with some of its
rules, and would continue to fine-tune the contested
The Commodity Futures Trading Commision (CFTC) also said
that its new definition of what constitutes a U.S. person -
which includes companies - was largely similar to the one in an
Oct. 12 letter.
This effectively eases the rules for foreign banks from its
original July plan.
The CFTC also said it would seek further comments on
cross-border issues, such as the definition of a U.S. person.