Jul. 28, 2023
I fully support increased transparency of swaps and all forms of derivatives and other financial products. This opaque market has great potential to hide dangerous leverage that could be damaging to global financial markets, similar to the mortgage backed securities market in 2008. How can government regulators accurately assess the balance sheets and risks of banks and other financial institutions if they do not know what may be hidden in these swaps? They can not. Greater transparency can only help to improve the safety and sustainability of our financial system. Matthew Culbertson