Sommers: CFTC should conduct cost-benefit analysis of proposals

11/1/2011 | Risk.net (subscription required)

Jill Sommers, a member of the U.S. Commodity Futures Trading Commission, said the agency did not properly study the cost and benefits of regulatory proposals under the Dodd-Frank Act. CFTC Chairman Gary Gensler has urged the agency to conduct such analyses. "During the proposal stage, we didn't do anything [concerning cost-benefit analysis], but it is different now," Sommers said. "Gensler seems to be very sensitive to the fact that in the proposal stage, the cost-benefit analysis of these rules was fairly nonexistent, but that process has changed."

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