Aug. 16, 2023
I support the proposed rule. Unrealized losses continue to grow significantly worse than 2008 levels and be buried within swaps. These unrealized losses present a significant risk should banks need to sell investments and realize losses to meet liquidity needs. The solution is NOT allowing these heavy bags to get heavier by using excessive swap position to indefinitely avoid losses and mislead the market. Providing transparency on swap reporting will help identify risks and pave the way for maintaining fair, orderly, and efficient markets. Swaps, especially when used by bad actors, are ripe with Fraud, Manipulation, and Deception. A bit of sunlight is the best disinfectant.