Nov. 01, 2022
November 1, 2022 Data regarding swaps should be made public. It is important that all market participants are aware of other entities swap exposure. Especially since a short exposure cand be achieved through swaps, even though no actual shorting is being conducted. Let's remember Archegos, who's swap exposure turned into a market-wide disaster, but was long conducted in the dark. Who knows how many such examples are still there, waiting for a similar blow-up. Also, CFTC wants to hide swap data until God-knows-when? What would the reason for that be? What are they trying to hide? This definitely needs to be looked into. I fully support any rule that would increase transparency and require for accurate and fast public disclosure of swap data. I certainly hope to see more such rules in the future. They should be applicable internationally, to prevent parties from conducting business-as-usual in excluded countries. Please consider making the threshold for reporting as low as possible. I agree with the definition of security-based swaps and I believe this definition should be as wide as possible, to minimize evasion. I also agree with daily reporting and I congratulate the Comission on the efforts to publicly release such data, allowing the public to see potentially dangerous swap activity. I urge the Comission to finalize this rule as soon as possible.