Bloomberg reported the FDIC is examining whether the biggest firms are shifting trades overseas in a way that may undermine rules designed to prevent a repeat of the 2008 financial crisis.

Bloomberg said large banks have restructured their overseas transactions in an effort to trade swaps – contracts blamed for exacerbating the crisis – outside of rules required by the 2010 Dodd-Frank Act.

Bloomberg notes, according to an FDIC spokesman, the regulator has joined the Commodity Futures Trading Commission in “actively monitoring developments” in the banks’ overseas affiliates and watching for any impacts.

To view the full Bloomberg report, click here.