The CFTC is quietly acknowledging that its swaps transaction data reporting system is broken. Mark P. Wetjen, the acting chairman for the CFTC, and his fellow commissioners formed an interdivisional staff working group last month to reassess the regulator’s swaps data-gathering processes. The new group is likely to serve as a catalyst for a much-needed… Read More >>
O’Malia and Those Hot-Button Issues
As we reported earlier this week, Scott D. O’Malia, commissioner for the CFTC, was the bearer of bad news about the regulator’s data gathering for its swaps data repository (SDR). Yet in his revelatory speech last week to SIFMA members O’Malia was very forthcoming about other thorny issues that got scant coverage.One of the thorniest… Read More >>
