CFTC's amendment to swap data reporting

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July 2016

Overview

Last month, the CFTC amended its reporting and recordkeeping rule for Swap Dealers and Derivatives Clearing Organizations. The amendment addresses data quality issues identified after the agency began reviewing information submitted to the Swap Data Repositories. Most notably, the amendment clarifies key areas of the existing rule and removes problematic valuation and confirmation data reporting requirements for cleared swaps.

  1. The CFTC is addressing industry concerns. 
  2. Duplicative valuation reporting is no longer required.
  3. The CFTC converges with the SEC. 
  4. Will the CFTC continue to listen to the industry on future reporting challenges? 
  5. Even with two vacancies, the CFTC continues to make progress.

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Dan Ryan

Partner, PwC US

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