CFTC Finalizes Swap-Database Rules to Expose ‘Dark Market’
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The U.S. Commodity Futures Trading Commission completed the first set of Dodd-Frank Act rules governing companies at the center of the $601 trillion swaps market by adopting regulations for information databases.
CFTC commissioners voted 4-1 today to adopt a rule registering the databases, part of a Dodd-Frank requirement that all transactions be reported to swap data repositories that will make information on trading volumes and prices available to financial regulators.