CFTC plans 2 offices focusing on risk management

02/8/2010 | (subscription required)

The Commodity Futures Trading Commission plans to create two offices focusing on risk management, using funding the agency expects from President Barack Obama's 2011 budget. "The primary functions of the Risk Management Office would be to develop and coordinate a CFTC-wide risk-management strategy that permits the CFTC to more effectively anticipate and react to emerging risks to markets and institutions," said a CFTC representative. Obama's proposed budget seeks a 28% funding increase for the agency.

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