July 10, 2017

CFTC announced the launch of a comprehensive review of the swap data reporting regulations found in Parts 43, 45, and 49 of its regulations. The review is aimed to identify the regulatory changes that will simplify reporting and/or improve data accuracy and completeness. CFTC is soliciting input from all entities involved in swaps reporting and the comment period will end on August 21, 2017. The CFTC's Division of Market Oversight expects that the adoption of final rules and their industry implementation would occur by the end of 2019.

“The CFTC's Division of Market Oversight has taken stock of our progress implementing the standards agreed to at the Pittsburgh G-20 summit and codified in Dodd-Frank, and has produced a roadmap laying out future steps we could take to ensure we have complete, accurate, and high-quality data to fulfill our statutory responsibilities, ” said the Acting Chairman J. Christopher Giancarlo of CFTC. The roadmap to achieve high quality swaps data for the review process lays out two tranches of rule changes. The first tranche will address swap data repository operations and the confirmation of data accuracy by swap counterparties. The second tranche will address reporting workflows, including standardization of data fields and potential delayed reporting deadlines. The focus will be on ensuring that the CFTC receives accurate, complete, and high-quality data on swaps transactions for its regulatory oversight role and on streamlining reporting. The aim is to right-size the number of data elements that are reported to meet the agency’s priority use-cases for swaps data.

Comment Due Date: August 21, 2017

Keywords: Americas, Banking, SDR, Roadmap, Dodd Frank Act, CFTC

Related Articles
News

APRA Releases Minor Changes to Reporting Standards on SA-CCR for Banks

APRA released minor changes to the three reporting standards for the standardized approach for measuring counterparty credit risk exposures (SA-CCR).

May 22, 2019 WebPage Regulatory News
News

APRA Proposes to Amend Guidance on Residential Mortgage Lending

APRA is consulting on revisions to the prudential practice guide APG 223 on residential mortgage lending in Australia.

May 21, 2019 WebPage Regulatory News
News

ESAs Amend Technical Standards on Mapping of ECAIs Under CRR

ESAs published a second amendment to the implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).

May 20, 2019 WebPage Regulatory News
News

OCC Consults on Information Collection for Home Mortgage Disclosures

OCC is soliciting comment on the revision of the information collection titled “Regulation C—Home Mortgage Disclosure.” OCC also notes that it has sent the collection to OMB for review.

May 20, 2019 WebPage Regulatory News
News

EIOPA Updates Q&A on Regulations in May 2019

EIOPA published additional questions and answers (Q&A) on guidelines, directives, and regulations applicable to insurers in Europe.

May 17, 2019 WebPage Regulatory News
News

FSB Publishes Update on Meeting of RCG for Americas

FSB published a summary of the meeting of its Regional Consultative Group (RCG) in Americas.

May 17, 2019 WebPage Regulatory News
News

ESRB Paper on Impact of Business Model Similarities on Risk Capture

ESRB published a working paper on whether information contagion and business model similarities explain bank credit risk commonalities.

May 17, 2019 WebPage Regulatory News
News

IASB Issues Work Plan and Meeting Updates for May 2019

IASB published an updated work plan, along with the update of its meeting in May 2019.

May 17, 2019 WebPage Regulatory News
News

FCA Publishes Its Business Plan for the Coming Year

FCA published its Business Plan, which sets out the main areas of focus and priorities for 2019/20.

May 17, 2019 WebPage Regulatory News
News

CBM Notifies ESRB and ECB on Imposing Borrower-Based Measures in Malta

CBM notified ESRB and ECB regarding its decision to impose borrower-based measures on lenders in Malta.

May 17, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3103