Joint Request Targets Swap Data Reporting
Acting together, the two market regulators opened a comment process on updating and streamlining how swap and security-based swap data gets reported. Publication came on June 18, 2026, under release number 2026-56.
Highlights
- Feedback is being sought jointly by the two agencies on modernizing and aligning reporting rules for swaps and security-based swaps.
- The press release carries release number 2026-56.
- Topics on the table range from cross-framework alignment and data quality to operational burden, common identifiers, reference data, and implementation questions.
- Better oversight, clearer markets, higher-quality data, and less needless operational friction are the stated aims, with each regulator keeping its separate Dodd-Frank mandate.
Purpose of the Request
Responses will help the commissions weigh whether reworking the shape and reach of their swap-reporting regimes could bring the two frameworks closer together. Officials want stronger oversight and transparency alongside better data and less operational drag, while each agency keeps its own statutory role under Dodd-Frank.
Topics Covered
- Harmonization across frameworks
- Transparency and data quality
- Operational complexity
- Common identifier schemes and shared reference data
- Implementation considerations
Officials' Statements
Collection efforts that are poorly calibrated, the announcement cautioned, can end up obscuring accountability rather than supporting it.
Streamlining registrants' swap reporting alongside SEC Chairman Atkins was cited as a point of pride and part of continuing interagency-cooperation efforts.