Oct. 31, 2022
October 31, 2022 Hello, I support the public disclosure of all data related to swaps. I have concern that excessively large swaps are a threat to the financial well-being of our nation and her stability. There have been hidden and misuse of swaps such as \"Archegos\" that has already blown up, and I am concerned that there are others that have not yet been revealed - that need to be revealed and addressed as soon as possible for this worsens. I believe the public should be well informed on swaps and the impact they can have on markets. I believe that the reporting threshold should be lowered to $50 million gross, if not lower. It is critically important for fraud related to swaps to be revealed. These rules should be applied internationally to every institution that partakes in the US market - if they are unable to comply they should be unable to partake - as firms can easily use borders to evade the rules of the market. I agree with the definition of security-based swaps and believe that it must be appropriately wide in definition to minimize any evasion. This rule should be finalized and implemented as soon as possible.