Oct. 29, 2022
October 29, 2022 I am strongly in favor of requiring financial institutions to report their swap positions. This market has operated in the dark since before the Great Financial Crisis, and there is a very large amount of evidence suggesting these institutions are deeply over leveraged and under capitalized. Many liquidity issues have already risen with these institutions being unable to close out their positions despite owning trillions in assets. Transparency in the financial markets is always welcome, and the swaps market has been in need of transparency for a very long time.