CFTC Gives Foreign Regulators Easier Access to Swaps Data (Reuters)

Rule allows foreign regulators to view data without signing indemnification agreement.

The Commodity Futures Trading Commission on Monday approved a measure that provides foreign regulators with easier access to U.S. swaps data, Reuters reports. On a 3-2 vote, the CFTC agreed under certain circumstances to waive a requirement that foreign regulators sign an indemnification agreement before using the swaps data, an agreement that could expose them to lawsuits.

Foreign regulators argued the indemnification agreements would interfere with data sharing they need to do their jobs.

 

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