CFTC Chairman Gensler urges end to derivatives secrecy 11 Mar 2010

Source: Gold Anti-Trust Action Committee

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A leading US financial regulator on Tuesday called for the prices of derivatives trades to be disclosed in the same way as stock prices, saying only large Wall Street banks benefited from the current lack of transparency. Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), said standard credit default swaps and other privately traded over-the-counter derivatives

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“Enhancing OTC market regulation is of critical importance, but it must be done in a way which allows markets to continue to fulfil their economic role”

Anthony Belchambers, chief executive, Futures and Options Association

CFTC Chairman Gensler urges end to derivatives secrecy 11 Mar 2010 Source: Gold Anti-Trust Action Committee

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CFTC Chairman Gensler urges end to derivatives secrecy 11 Mar 2010

Source: Gold Anti-Trust Action Committee