The CFTC announced plans to standardize
the swaps transaction data reported to repositories, in an attempt
to repair the patchwork of rules that cause data to be collected
under different formats and standards. Acting chairman J.
Christopher Giancarlo will oversee the rewriting of the rules found
in Parts 43, 45, and 49 of the CFTC's Regulations to make them
more usable. Currently, four privately owned repositories collect
and report data on the swaps market and use different standards
that leave it to the CFTC to compile an overall picture of systemic
risk. The CFTC is also accepting
public comments on the review until Aug. 21, 2017.
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