U.S. court rules against banks in swap rules lawsuit

UPDATE 2-U.S. court rules against banks in swap rules lawsuitBy Douwe Miedema WASHINGTON, Sept 16 (Reuters) – A U.S. court on Tuesday largely rejected an attempt by banking groups to limit the U.S. swaps regulator’s ability to apply its rules overseas, a hotly debated issue as the agency reins in the $710 trillion global market.

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