CFTC's Gensler discusses derivatives regulation

Commodity Futures Trading Commission Chairman Gary Gensler said credit default swaps and other over-the-counter derivatives are in need of a regulatory overhaul. "To promote public transparency, standard over-the-counter derivatives should be traded on exchanges or other trading platforms," he said. "Financial reform will be incomplete if we do not achieve public market transparency." Other regulators also are calling for increased transparency in the OTC market.

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