Oct. 29, 2022
October 29, 2022 I don't believe our equities market to be transparent without public disclosure of swaps data. This data is invaluable and not bringing this transparency could allow for catastrophic risk to be built up in the system we saw how much damage could be done by a single entity with Archaegos. When crafting these rules about disclosure it is important that we consider how corporations may use international shell companies in an attempt to hide their data. We should also consider lowering the threshold for reporting to $100 million as to deter anyone taking out multiple swaps slightly below threshold to get around regulation. I do like the proposed daily reporting and appreciate the time the commission has into the proposal already.