CFTC approves reporting rule for swaps trades

The Commodity Futures Trading Commission approved a final swaps-trade reporting rule that imposes a "real-time" price-disclosure delay of a half-hour. The delay will eventually drop to 15 minutes. "Leading up to the financial crisis, there was no required reporting about swaps trading, and this lack of market transparency made the risk that had spread throughout the financial system all the more difficult to identify," CFTC Chairman Gary Gensler said.

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