September 11, 2013
By Tom Braithwaite and Gina Chon in Washington
Gary Gensler, chairman of the Commodity Futures Trading Commission, was one of the driving forces behind reform of the derivatives market. A figure who arouses both strong opposition and respect from both banks and fellow government officials, Mr Gensler is expected to step down by the end of the year.
On improvements to the market:
It’s a paradigm shift from a market that was largely uncleared, largely dealer-focused, not exchange-traded, the classic attributes of a dark market.
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Last Updated: December 27, 2013