CFTC Rewrite: The Data Quality Journey in North America
Improving the quality of reported derivatives data has been a long process, not just in the U.S. but globally too. While the CFTC led the way in requiring firms to start reporting, the CFTC Rewrite builds on that foundation: updating the rules in combination with international standardization and harmonization efforts to ensure that the data reported has a meaningful application.
To reduce ambiguity and operational complexity, Bloomberg’s white paper, The Data Quality Journey in North America, highlights key updates that will have a significant impact on data quality.
Read the report to learn about:
- Harmonization and data quality impact of the CFTC’s Division of Market Oversight (DMO) “Roadmap to Achieve High Quality Swaps”
- Upcoming changes to parts 43, 45 and 49 of commission regulation and impact on reporting firms
- The verification process and evolving expectations on Swap Data Repositories (SDRs)
- Challenges firms are facing with implementing the new tech spec and verification process
- Forward-looking initiatives including the Digital Regulatory Reporting (DRR) and Common Domain Model (CDM) work