Comment Text:
The U.S. Commodity Futures Trading Commission should rescind the swap reporting relief letter and resume enforcement action when Swap Dealers subject to capital requirements fail to comply with financial reporting.
Allowing registered swap dealers to engage in swaps when capital requirements may fail is a SYSTEMIC RISK to all of our financial institutions and markets. Get these criminals in line already.
Also, how do we not have same day settlement in 2023? The only thing a 2-day settlement period does is allow room for market manipulation. Get that sewn up too.
