Dunn to Chair Swap Database

Former CFTC Commissioner named non-executive chairman of largest U.S. swaps database.

Michael V. Dunn, a member of the Commodity Futures Trading Commission until last year, was named non-executive chairman of the largest database of U.S. swap information as regulators prepare to complete an overhaul of financial regulations required under the Dodd-Frank Act.

The Depository Trust and Clearing Corp. today said Dunn, who joined the commission in December 2004, would help the database align the needs of participants in the markets and regulators. Dodd-Frank intends for so-called swap data repositories to provide regulators access to information about the price and volume of trades in an effort to increase transparency about the $708 trillion global swaps market.

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