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CFTC flags global progress on swaps reporting standards

CFTC says common transaction identifiers close to completion, with product identifiers not far behind

Global transaction identifiers near completion
CFTC official says transaction identifiers should be finalised as soon as a governance mechanism is agreed

Global regulators are making progress in aligning swap data reporting requirements, with at least one of three standards expected to be finalised within months.

An international effort is underway to agree on the standards – uniform transaction identifiers, uniform product identifiers and critical data elements – that break down the distinguishing features of a trade. Eric Pan, director of the

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