U.S. regulators are poised to approve rules today that willrequire most swaps trades to be reported to the public, a responseto lax derivatives oversight in the run-up to the financialcrisis.

The rules up for a vote at the Securities and ExchangeCommission (SEC) will specify what information has to be reportedpublicly as well as data intended for regulators who surveil themarket. The regulations are the latest step in efforts by the SECand Commodity Futures Trading Commission (CFTC) to increasetransparency in the $691 trillion swaps market.

The SEC's rules come more than six years after the collapse ofLehman Brothers Holdings Inc. and government rescue of AmericanInternational Group Inc. that was rooted in part in unregulatedswaps. By creating a record of swaps trades, regulators aim tomonitor for systemic risk while giving investors a better idea offair prices.

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