The CFTC’s Swap Data Reporting Amendments: More Than Meets the Eye
Carolyn K Van den Daelen, Managing Partner and Chief of Staff at Quorsus, explores.
On 17 September 2020, the U.S. Commodity Futures Trading Commission (CFTC) published the final rule amendments to its swap data reporting regime. After pouring over 911 pages and depleting our supply of highlighters to determine what changes will be required for our clients, it soon became apparent that we had to go beyond analyzing the words on the paper. We needed to read between the (approx. 16,000) lines to determine what the rules actually mean for our clients during the 18 months implementation phase.
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