SEC Chairman Gensler talks ESG and Archegos

Our proposal regarding Exchange Act 10B and 9j-1 concerns the transparency and market integrity of security-based swaps, such as credit default swaps and total return swaps.[6] We know well the story of AIG’s collapse. We also know the story of Archegos Capital Management, which collapsed under the weight of significant exposure to total return swaps, among other factors. I think that public and aggregated reporting of large security-based swap positions would help make this previously opaque market more transparent. I also think Rule 9j-1 would help prevent fraud, manipulation, and deception in connection with security-based swap transactions

To read this article, you need to sign in.


You should only be asked to sign in once. Not the case? Click here


New to Regulatory Compliance Watch?

Register now to read this article and more for free.