February 7, 2022
I am in favor of this rule, especially concerning the reporting of swap data. The Financial Stability Oversight Council, in their press release Friday, Feb 4th, stated there was insufficient data in the uncleared bilateral repurchase agreement market. How can the SEC possibly regulate bilaleral agreements that are not reported? This structure appears to be designed to steal money from those who play by the rules. Even trilateral agreements with a \"neutral 3rd party\" is subject to manipulation, greed, and fraud. Hedge funds should be forced to make good on bad bets just as anyone else is. The ability to can kick by these hedge funds is absurd and dangerous to the stability of the markets.