Aug. 13, 2023
I support the proposed file number S7-32-10 to bring more transparency and regulation to swaps. Swaps represent a loophole for market manipulation by hiding positions and risk. Credit default swaps were one of the critical instruments that caused the 2008 financial crisis. If swaps are to remain legal, they should be fully transparent and fully disclosed to the public as soon as they are made. The S7-32-10 proposal is a good step toward regulating swaps. Dr. Christopher J. Keturakis