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October 4, 2013

Gensler refuses to budge on derivatives

Call it Gensler’s last stand.

Most of his staff have been sent home because of the government shutdown, he is facing significant pressure to delay or moderate sweeping new derivatives rules and he is due to leave office by the end of the year.

But Gary Gensler, chairman of the Commodity Futures Trading Commission, is sitting in the darkened headquarters of the agency in Washington and refusing to budge.

“’Though it’s dark at the CFTC, we are bringing some additional light to the swaps market,’ Mr Gensler said.”

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Read full Financial Times article here

 
 
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