The Commodity Futures Trading Commission (CFTC), an independent agency, is charged with helping to regulate futures markets. The CFTC Chairman, Gary Gensler, stated that, “the Wall Street reform bill (Dodd-Frank) will – for the first time – bring comprehensive regulation to the swaps market place. Swap dealers will be subject to robust oversight.” The Dodd-Frank … Continue reading
From This Day Forth… “Today we will consider a rule that helps broaden market access and promotes competition in the swaps market,” proclaimed Chairman Gensler. Emphasizing one of the important goals of the Dodd-Frank Act is to prevent risks in the financial sector from affecting the overall American economy in a negative manner. The intent … Continue reading
Opening Statements Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Gary Gensler began what would be an almost four-hour hearing on several rules that may be applied to the Dodd-Frank Act. Declaring that the hearing was about promoting transparency, developing internal business conduct rules, and compliance rules to protect the public, he seemed very … Continue reading
