CFTC Issues Proposed Swaps Report for Public Comment

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The Commodity Futures Trading Commission, or CFTC, has issued, for public comment, a proposed CFTC Swaps Report that, when the proposal is finalized, will give the public a view into the previously dark swaps market.

The CFTC Swaps Report will offer the public a comprehensive view of the size, risks and activities in the swaps market. The proposal for this new market transparency initiative grew out of the swaps market reforms of the Dodd-Frank Wall Street Reform and Consumer Protection Act. While the Dodd-Frank Act only requires the Commission to publish a report on trading, clearing, participants, and products in the swaps market on a semiannual and annual basis, the agency elected to publish this information on a weekly basis. The CFTC believes this greater level of transparency will allow market participants and the public to gain a more thorough understanding of risks and developments in the swaps market.

Check dodd-frank.com frequently for updated information on the JOBS Act, the Dodd-Frank Act and other important securities law matters.

Topics:  CFTC, Dodd-Frank, Swap Market

Published In: Administrative Agency Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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