Gensler Says SEC Plans More Swaps Disclosures Post-Archegos
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The U.S. Securities and Exchange Commission is considering more disclosures for complex derivative transactions like those that led to the collapse of Bill Hwang’s Archegos Capital Management earlier this year.
SEC Chair Gary Gensler said in a Wednesday CNBC interview that the regulator wants to publish aggregate data on the securities that underlie investment firms’ swap positions. Gensler has already said the agency is considering rules to make hedge funds, family offices and other money managers disclose big derivative bets on stocks in quarterly SEC filings.