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U.S. Treasury unit to support CFTC on swaps data 

April 3, 2014
Douwe Miedema, Reuters

A U.S. Treasury Department unit said Monday it had signed a formal agreement with the Commodity Futures Trading Commission to help it sort out a raft of derivatives data and get a better handle on the global $690 trillion market.

The CFTC, which oversees futures and swaps, has complained it still is not getting a full and clear picture of what is happening in the derivatives market because the data it receives from market participants is not adequate.

"Each of the (companies) has different systems architecture and reporting technology," said the memorandum of understanding between the CFTC and the Treasury's Office of Financial Research. "These differences have created challenges to CFTC's efforts to review, analyze and aggregate the data."

Read more: Reuters

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