Swaps data reporting delay doesn’t go far enough for end users, O’Malia says

The Commodity Futures Trading Commission issued a no-action letter providing certain swap counterparties that are not swap dealers or major swap participants with additional time to comply with the agency’s Dodd-Frank swap data reporting rules. Read on to learn why CFTC Commissioner Scott O’Malia said the relief could pose compliance difficulties for non-financial end users.