Dodd-Frank Swap Oversight Goal Stymied as Firms Fight Over Data
This article is for subscribers only.
More than two years after Congress voted to bring swap transactions out of the shadows so they could be tallied and monitored, U.S. regulators are still struggling to build a system that works.
Officials at the Commodity Futures Trading Commission have found inconsistencies and gaps in the trading data the Depository Trust and Clearing Corp. began to supply late last year, according to three people familiar with the matter.