Comments on Enactment of Wall Street Reform and Consumer Protection Act
Chairman Gary Gensler
July 21, 2010
The Wall Street reform bill will – for the first time – bring comprehensive regulation to the over-the-counter derivatives marketplace. Derivatives dealers will be subject to robust oversight. Standardized derivatives will be required to trade on open platforms and be submitted for clearing to central counterparties. The Commission looks forward to implementing the Dodd-Frank bill to lower risk, promote transparency and protect the American public.
Last Updated: August 26, 2010