Smooth start for CFTC’s re-jigged swap reporting rules
No problems yet, but some warn of potential pitfalls ahead with package trades and margin reporting
The US Commodity Future Trading Commission’s updated swaps data reporting and record-keeping rules went live on December 5 without any major complications, market participants report – though some experts say it will take months for a full picture of the rollout to emerge.
“What we’ve been hearing from the market is, overall, smooth sailing,” says Leo Labeis, chief executive of regulatory reporting firm Regnosys. “But I think, typically, you need to wait three to six months, and start to look
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