CFTC braced for litigation over swap reporting showdown
Murder, blackmail, heart-wrenching custody battles – these are the subjects of the best courtroom dramas. Swap data reporting appears an unlikely addition to this list, but the way CME Group plans to run its new repository business has given rise to a fierce war of words with its rival, the Depository Trust & Clearing Corporation (DTCC) – and it may take a judge to separate them.
The US Commodity Futures Trading Commission (CFTC) is caught in the middle – it wrote the rules governing swap data
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