Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today commented on proposed legislation from the Department of Treasury to reform regulation of derivatives.
Chairman Gensler said:
“Treasury’s legislative proposal is a very important step toward much-needed reform to protect the American people by lowering risk, promoting transparency and protecting market integrity. I believe that all over-the-counter derivatives and dealers should be brought under comprehensive regulation. I look forward to working with Congress to make sure that the law covers the entire marketplace without exception.””
Last Updated: June 11, 2010