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To fulfill its mission successfully, the Commission must continuously work to refine and improve its technology systems to allow more efficient examination and monitoring of clearing organizations, SROs, and intermediaries. This will also include new functionality with respect to swaps activities, such as reviewing swaps that may be required to be cleared; new registration requirements; and oversight of swap dealers. Further, under the Dodd-Frank Act the Commission is required to collect new systemic risk data from commodity pool operators (CPOs) and commodity trading advisors (CTAs) that advise private funds. While this data collection is in a proposed rule, with the proposed collection delegated to an existing RFA, the Commission will need regular and complete access to that new data collection to fulfill its responsibilities under the Dodd-Frank Act.

More broadly, it is critical that the Commission works to identify data relationships and overlapping business needs, reduce inefficiencies and duplications in transmission and processing of data, and develop strategies to integrate its technology systems, in order to maximize its resources. Modernizing current systems, fully implementing the electronic submission of documents and data, and improving access to and integration with SROs’ and other regulators’ systems and data will allow staff to increase the amount of time they spend on analysis and allow staff to conduct analysis with more effective tools.

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