CFTC's Gensler discusses loophole in derivatives reform

03/4/2010 | Reuters

Collin Peterson, chairman of the House Agriculture Committee, said changes might need to be made to legislation overhauling the over-the-counter derivatives market to close a potential loophole. Gary Gensler, chairman of the Commodity Futures Trading Commission, testified before a House panel that the bill might allow some large institutional investors to capitalize on an "end-user exemption" to avoid trading standardized derivatives on an exchange.

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