CFTC swaps monitoring is a shambles, insiders say

03/26/2014 | Reuters ·

The Commodity Futures Trading Commission cannot adequately monitor the global swaps market due to market operators' failure to provide the body with adequate data, insiders say. The CFTC must also shoulder some of the blame, said Commissioner Scott O'Malia. "The technological deficit in our ability to aggregate, search and navigate through these varied data structures have made our efforts to develop a basic level of analysis unsuccessful," he said.

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