Oct. 31, 2022
October 31, 2022 This rule is an excellent step in the right direction. In order to create a fair and equitable market, information must be made available to the public at every opportunity. With the increased ability of social media to sway public opinion, giving the public the ability to view hard data and make educated decisions is the only way to protect our markets from malicious actors. The more that transparency is prioritized in our markets, the better we will all be. Excessively large swaps are not only a threat to those on opposing sides of hostile trades, but they pose a large risk of destabilizing our markets as a whole and threatening the country's position in the world. If possible, this rule should be applied even more harshly. If the threshold were lowered to $100 million / $200 million gross, it would increase the data captured and possibly reveal more actors operating in bad faith. This rule should be applied both within the United States as well as internationally in order to prevent abusing borders as a loophole to escape visibility. Thank for for taking action to protect our markets. Please continue to create these rules to increase public transparency and finalize this rule as soon as possible.