Subject: S7-32-10: WebForm Comments from Jamil
From: Jamil
Affiliation:

Oct. 29, 2022



October 29, 2022

 Let me start off by voicing my support for the proposal. I appreciate the effort put into preventing the evasion of the reporting rule. It is vital to the markets that transparency is a core tenet. The public disclosure of data is vital to upholding faith in the markets.

My concern lies in the fact that excessively large swaps are a threat to the market and its stability.

I hope more rules around transparency are brought forth. Transparency cannot be overlooked. This should apply not only to the American markets but internationally as well.

For the sake of accuracy and transparency, daily reporting of swaps should be implemented.

Please finalize this rule as soon as possible.