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Wednesday, June 12, 2013

OCC Gives Extra Time for Swap Push-Out Rules

According to news sources, the OCC granted seven banks extra time—two year— to comply with new Dodd-Frank push-out requirements which would require banks to push some swaps trading out of the bank.

The rule was originally meant to take effect on July 16.

See the ABARegPolicy twitter feed on the right of the ABA Dodd-Frank Tracker homepage for more information.

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