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10 Apr 2006

Eurex last week confirmed to FO Week that its new CEO Andreas Preuss was to be based in Frankfurt (see FO Week Vol 11 No 13). There has long been talk in the market that Eurex may make a move to London but a spokesperson for Eurex told FO Week that the...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.