No easy answers on harmonising oversight as CFTC and SEC meet

No easy answers on harmonising oversight as CFTC and SEC meet 04 Sep 2009

The Commodity Futures Trading Commission and the Securities and Exchange Commission held a joint meeting for the first time ever on Wednesday September 2, under the rubric ‘Harmonisation of Regulation’.

The complexity of the challenge facing them was clear from the contributions of both regulators and market participants.

Gary Gensler, CFTC chairman, said: “I look forward to working with Congress and the SEC to establish authorities to regulate all...

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“Although there is room for harmonisation... merger of the existing regulatory structures into a single set of one-size-fits-all rules administered by separate agencies will do substantially more harm than good”

Craig Donohue, CME Groups chief executive, does not want the SEC and CFTC to harmonise too much

FOi - Futures and Options Intelligence

No easy answers on harmonising oversight as CFTC and SEC meet 04 Sep 2009

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