Comment Text:
Concerning the "no-action letter regarding the migration of credit default swaps from ICE Clear Europe Ltd," I wish to express my dissent to halting the duties of the CFTC to properly monitor and enforce reporting on derivatives and swaps. This reporting has already been delayed since 2019 and creates a situation little different than Archegos, where potential market abuses go completely unchecked because of a lack of both transparency and regulation. The CFTC has a duty that they are sorely neglecting and more retail investors, and government officials, are becoming aware of that fact.
