CME Group faces criticism over Dodd-Frank lawsuit

CME sued the CFTC last week, seeking a permanent injunction against certain cleared swap reporting requirements

CME Group Inc., the world’s largest futures and derivatives market, has come under fire for its recent lawsuit against the U.S. Commodity Futures Trading Commission, which it filed in an effort to block the implementation of certain Dodd-Frank reporting requirements.

The impending rules would require registered derivatives clearing organizations to report nonpublic information about cleared swap transactions to swap data repositories established under the Dodd-Frank Wall Street Reform and Consumer Protection Act. In a lawsuit filed Thursday, CME requested a permanent injunction against these rules, arguing that they “would impose costly cumbersome and duplicative requirements” on clearinghouses.

Alanna Byrne

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