CFTC Finalizes 2 Reporting Rules For Swaps Market

Law360, New York (December 20, 2011, 6:21 PM EST) -- The U.S. Commodity Futures Trading Commission unanimously approved two rules Tuesday aimed at increasing transparency in the over-the-counter derivatives market, establishing swap data record-keeping requirements for registered entities, and calling for real-time reporting of swap transaction and pricing data.

The final rules came a day after the agency once again pushed back the implementation date for rules governing the $600 trillion OTC derivatives market, which is seven times the size of the futures market. They mark the 21st and 22nd rules finished so far under the...
To view the full article, register now.