CFTC Begins Swaps-Data Overhaul

Agency issues request for comment on information reporting from swaps-data repositories.

The Commodity Futures Trading Commission (CFTC), citing an inability to fully understand swaps-market data, has begun an overhaul of information collected by the Depository Trust & Clearing Corp. (DTCC), CME Group Inc., and others.

The top U.S. derivatives regulator released a request for comment yesterday on about 70 questions on ways to change how and which information must be reported to the swap-data repositories created under Dodd-Frank Act rules. The CFTC could later propose changes to policies intended to help regulators supervise the $693 trillion market.

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