The Commodity Futures Trading Commission, or CFTC, has issued, for public comment, a proposed CFTC Swaps Report that, when the proposal is finalized, will give the public a view into the previously dark swaps market.
The CFTC Swaps Report will offer the public a comprehensive view of the size, risks and activities in the swaps market. The proposal for this new market transparency initiative grew out of the swaps market reforms of the Dodd-Frank Wall Street Reform and Consumer Protection Act. While the Dodd-Frank Act only requires the Commission to publish a report on trading, clearing, participants, and products in the swaps market on a semiannual and annual basis, the agency elected to publish this information on a weekly basis. The CFTC believes this greater level of transparency will allow market participants and the public to gain a more thorough understanding of risks and developments in the swaps market.
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