CFTC's Gensler continues to push for derivatives revamp

02/15/2010 | Bloomberg

Gary Gensler, chairman of the Commodity Futures Trading Commission, has made it clear to market participants that his responsibilities and priorities have shifted. Having spent 18 years in the financial industry, Gensler was once focused on increasing revenue and bonuses. His loyalty has turned to the American taxpayer, he said. Gensler has been on a mission to push the massive over-the-counter derivatives market into a regulatory spotlight, and he has indicated that he has no plans to let up on his goal.

View Full Article in:

Bloomberg

Published in Brief: