CFTC charges and monitors Deutsche over swaps violations

Agency says incomplete, inaccurate data affects what is made publicly available and the data it uses to gauge systemic risk

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Crackdown: "Deutsche's repeated violations warrant the intervention of a court-appointed monitor" – Goelman

The Commodity Futures Trading Commission (CFTC) wants a court-appointed monitor to oversee Deutsche Bank's compliance with its swaps reporting rules, after it was forced to file a civil complaint against the firm on August 18 for repeated violations.

The CFTC said the bank's ongoing reporting problems are affecting the market data made available to the public, as well as the data used by the agency to assess systemic risk in the swaps markets. 

The complaint charges that for five days, Deutsche

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