Gensler OTC derivatives reform should be global - Future and Options Intelligence

Gensler: OTC derivatives reform should be global 16 Mar 2010

Gary Gensler, chairman of the US Commodity Futures Trading Commission, said in a speech to the European Parliament’s economic and monetary affairs committee that reform of the way over-the-counter derivatives are regulated must be...

[Gary Gensler]
[CFTC]
[Commodity Futures Trading Commission]
[European Parliament]
[over the counter]
[derivatives]
[regulation]

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“I don’t believe financial institutions should be involved in our markets. We must be content to dialogue with our customers. We can’t hedge risks through futures, but through our services and products and closer contact with our customers.”

Lakshmi Mittal, CEO of ArcelorMittal, quoted by Metal Bulletin

FOi - Futures and Options Intelligence

Gensler: OTC derivatives reform should be global 16 Mar 2010

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