CFTC recommends strengthening commodity swap supervision and requiring reporting of relevant data on crypto assets, etc.
US Commodity Futures Trading Commission (CFTC) has proposed strengthening reporting requirements for swap dealers (SDs) in order to obtain high-quality swap data to identify granular risks. Specific content includes: requiring unique product identifiers for swap transactions; requiring specific customer data for reporting products and risk exposures; and requiring relevant data for reporting encrypted assets. CFTC Commissioner Christy Goldsmith Romero stated that accurate, timely, and high-quality swap data is crucial for improving market transparency and avoiding systemic risks, and this move helps prevent financial risks and promote financial stability. (Futures Daily)
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