Banks Prevent Transparency on Derivatives
So why are the banks doing this? In short, they are trying to avoid other derivatives regulations that are unrelated to the push-out rule.
Specifically, the banks want to reduce the impact of new rules, also part of Dodd-Frank, that aim to improve pricing transparency in the derivatives markets.
.. One interpretation of all this is that Wall Street simply dislikes the transparency rules more than the idea of pushing out swaps.