CFTC and SEC on the same page, says Gensler
US Commodity Futures Trading Commission chairman Gary Gensler has said Friday’s CFTC-SEC public roundtable to discuss governance and conflicts of interest in the clearing and listing of swaps heralds a new era of cooperation between the two regulators.
“Today’s public roundtable will help us as we move forward to write rules on the important matters of governance of clearinghouses and trading facilities and how to best protect their decision making from conflicts of interest,” Gensler said in a statement. “We look forward to hosting several more roundtables along with the SEC on other important matters related to the Act.”
CFTC commissioner Bart Chilton added: “These roundtables will provide a unique opportunity to gather the opinions and options of people involved in the markets we regulate and those we’ll now be overseeing. The Wall Street...