How can firms prepare for the CFTC Rewrite?

How can firms prepare for the CFTC Rewrite?

Earlier this year, the Commodity Futures Trading Commission (CFTC) extended the deadline for financial institutions to comply with its rewrite of swaps reporting rules – known as the “CFTC Rewrite” – from 25 May 2022 to 5 December 2022. Our CEO, Leo Labeis, traces the origin of the amendments and explains how Digital Regulatory Reporting (DRR) addresses them in RegTech Insight:
 
“Firms can leverage DRR by either building their own system on it or deploying a third-party platform that does. In either case, firms should aim to begin rigorous user acceptance testing as early as possible to ensure it performs against the requirements and is fully embedded ahead of the December deadline.”
 
Read Leo’s full article here.