Clearing houses critical to reforms, says CFTC

Robust regulatory oversight of clearing houses is essential to financial stability, according to the US commodities regulator.Ahead of the final round of rule reviews, Commodity Futures Trading Commission (CFTC) chairman Gary Gensler said their risk management activities was vital to avoiding a repeat financial meltdown.The US commodity regulator is also set to consider alternatives to ratings agencies as part of its meeting on July 19 to review key elements of the Dodd Frank Act.A year on from the passing of...