CFTC repository rule won't save regulators from data leak bills, say European supervisors

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Regulators outside the US should have been celebrating the release of final rules on swap data repositories (SDRs) by the Commodity Futures Trading Commission (CFTC) on August 15 - the text attempts to resolve a clause in the Dodd-Frank Act that would make them liable for any costs that arise after data has been requested from a US-registered repository, including lawsuits triggered by data leaks. Unfortunately, the CFTC's fix won't do the trick, European regulators say.

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