Global Correspondence
GFMA Submits Comments on the Commission’s Review of Swap Data Recordkeeping and Reporting Requirements
The Global Foreign Exchange Divisions (GFXD) of GFMA provides comment on the Commission’s Review of Swap Data Recordkeeping and Reporting Requirements.
The GFXD recommends that the CFTC considers the implications, financial and otherwise, of any recommendations that the CFTC may make to its existing part 45 requirements as a result of this Request for Comment. We also urge the CFTC to align any recommended changes to those recently recommended by the GFXD in our response to the FSB’s Consultation Paper regarding the aggregation of OTC derivatives data.
