( July 21, 2021, 18:18 GMT | Official Statement) -- MLex Summary: Gary Gensler, head of the US Securities and Exchange Commission, has asked staff to recommend rules for the registration and regulation of security-based swaps trading venues called swap execution facilities, which were supposed to have been overseen under the 2010 Dodd-Frank Act. These rule recommendations are to be harmonized with standards already adopted for the vast majority of swaps by the US Commodity Futures Trading Commission, he said. Staff also has been charged with recommending rules to require firms to report security-based swaps transactions to swap data repositories on an aggregate basis, rather than just trade-by-trade, Gensler said.Statement below....
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