Skip to main content


June 21, 2013

Gensler Sticks to Swaps Plan

Commodity Futures Trading Commission Chairman Gary Gensler is holding fast to a plan to apply U.S. swaps rules to foreign-based banks in mid-July after a daylong meeting of international regulators failed to resolve differences, according to people familiar with the discussions.

Separately, Mr. Gensler is facing renewed criticism from a top European Union official. EU Internal Market Commissioner Michel Barnier called Mr. Gensler’s approach “flawed” and “self-defeating,” in a Bloomberg op-ed Thursday.

“‘Cooperation and mutual reliance, not confrontation, will protect investors and taxpayers far better than duplication and protectionism,’ Mr. Barnier said. He said that negotiations over the derivatives rules and other financial regulations should be included in U.S.-EU trade talks in July.

A spokesman for the CFTC declined to comment.

Mr. Gensler and Securities and Exchange Commission Chairman Mary Jo White met with senior European Union officials in Montreal Thursday, as part of a working group that meets regularly to discuss progress on new derivatives rules.”


Read full Wall Street Journal article here

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today