New rules aimed to end the double reporting of some bi-lateral swaps.
Trading Commission (CFTC) chair Timothy Massad has said the
regulator is looking to implement new rules aimed at improving
swap reporting practices and quality of data held swap data
In a speech to the
District of Columbia Bar, in Washington DC, on Thursday, Massad
said the regulator was looking to end the double reporting of
bi-laterally traded swaps.
"If a swap is executed
bilaterally and then centrally cleared, you can have a record
in one SDR of the original bilateral swap and records in
another SDR of the two clearinghouse swaps that replace
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