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U.S. regulator gives swaps dealers more time to report data

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The top U.S. derivatives regulator gave swap dealers more time to report their trades to a data warehouse, giving the industry a common date by which to start the disclosure. The industry had complained that if some of them were forced to report at an earlier date, this could disclose sensitive commercial data. The Commodity Futures Trading Commission (CFTC) said market parties had worked on the understanding that they would all be required to begin reporting on the same day, and that costly modifications were needed if that wasn't the case. "The public dissemination of data reported by one, or even a few, early registrants may facilitate the identification of parties to the swaps for which data has been reported," the CFTC said in a letter published on its website on Tuesday. The regulator, which has taken on an aggressive new profile under Chairman Gary Gensler after the 2010 Dodd-Frank overhaul of Wall Street gave it vast new powers, also granted

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