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  • June 24, 2010

    CFTC's Gensler Goes Down to Wire for Swaps Reform

    By Rachelle Younglai and Roberta Rampton

    As lawmakers bargained, fretted and sweated through talks to wrap up the U.S. financial reform bill on Thursday, there was a single regulator whose ubiquitous presence was a reminder of one of the toughest issues to resolve.

    Gary Gensler, head of the Commodity Futures Trading Commission, has been a forceful advocate of reining in the $615 trillion over-the-counter derivatives market since Congress first began looking at how to respond to the financial crisis.

    A marathon runner, Gensler had a front-row seat for the Senate-House panel and the Baltimore resident was overheard making plans to spend the night in Washington so he could stay for the duration of talks…

    Read Full Article on Reuters.

    Last Updated: August 5, 2010