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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