Comment Text:
The ability for institutions and individual investors to assess the solvency and financial condition of a potential fiduciary, broker or bank is critical to proper risk assessment and hedging. Increased transparency into the swap and derivative exposure of market participants and market makers is a critical step in providing a proper view into this risk class. The requirement to provide timely and accurate reporting and the timely dissemination of this information to the investing public is a small burden compared to the potential systemic risk of these positions remaining hidden from the market.
