WASHINGTON Feb 2 U.S. securities regulators
proposed new rules on Wednesday designed to improve the
pricing of swaps by moving some of them onto regulated trading
The Securities and Exchange Commission agreed in a
unanimous vote to put the rules out for public comment. The
rules would implement a key provision in the Dodd-Frank law by
allowing investors for the first time to see the prices that
dealer banks like JPMorgan (JPM.N) and Goldman Sachs (GS.N) are
charging their customers.
Accomplishing this goal would require certain
over-the-counter products to be traded on exchanges or a new
kind of alternative platform known as a "swap execution
facility," or SEF.
(Reporting by Sarah N. Lynch; Editing by Lisa Von Ahn)