Impact On Swap Data Reporting
Swap data reporting is a cornerstone of the new derivatives regime created by the Dodd-Frank Act. In an effort to increase transparency and integrity in the derivatives markets, proposed Dodd-Frank regulations will require information about every swap or security-based swap (SBS) transaction to be sent to new swap data repositories or a government agency.
This A Closer Look
describes the proposed swap data reporting rules and suggested responses for swap market participants.