The U.S. Commodity Futures Trading Commission (CFTC) formed agroup that will review recordkeeping and reporting provisions forcertain swaps transaction data, the agency said in a statement.
|The group, to be led by the director of the Division of MarketOversight, will recommend questions for public comment on topicssuch as consistency in compliance among market participants andcompliance with swaps reporting rules under Part 45 of the Code ofFederal Regulations.
|The group will publish a request for public comment by March15.
|The CFTC is moving to revamp oversight of swap-market data aftera member said the agency's current information wouldn't help detecta loss like JPMorgan Chase & Co.'s London Whale trades.
|Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.
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