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But there are many barriers preventing businesses from trading overseas.
Regulators would use the time to complete a broader proposal to police derivatives trading overseas.
Even today, banks continue to book much of their derivatives trading overseas.
Undeterred, Mr. Gensler made the case for regulating derivatives trading overseas.
Wall Street, in particular, is preparing a lobbying frenzy over plans to apply derivatives rules to American banks trading overseas.
They also complained that Mr. Wetjen has split with Mr. Gensler on aspects of a plan to apply Dodd-Frank to banks trading overseas.
Similar(35)
But customers who traded overseas have yet to see a penny.
Will a referendum on Europe create uncertainty for businesses, especially for those that trade overseas?
(The fund owns shares that trade overseas; some were bought in francs and others in euros).
2.41pm BST Cameron says his second commitment is to promote UK trade overseas.
He had been promoting British trade overseas since 2001, but he had come under pressure in recent months.
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