For over 10 years, Better Markets has had a significant impact on financial reform – from re-shaping the political discourse to strengthening many parts of the Dodd-Frank rule-making process.
Since its founding, Better Markets has had a significant impact on financial reform – from re-shaping the political discourse to strengthening many parts of the Dodd-Frank rule-making process. We’ve become a potent counterweight to the industry as the rules of financial reform are being drafted and challenged, filing more than 300 comment letters so that agencies finalize the strongest possible safeguards to protect the American people from another financial crash.
Better Markets led the charge against the industry attack on the proposed Volcker Rule limiting gambling by the big banks on Wall Street, meeting with regulators, testifying before Congress, advocating abroad, and ultimately protecting the rule from being killed.
Many ingredients of life’s essentials are commodities: the gas you put in your car, the wheat in the cereal you eat for breakfast, and the inputs for plastic in children’s toys. However, long before they reach your home, those commodities are subject to lots of market forces and other variables in getting from the oil well or farm to the local store. Commodity derivatives markets were created for producers and purchasers to deal with the risks from those variables, but those markets will not function as intended if there is excessive speculation and a lack of market integrity. The Commodities Futures Trading Commission (“CFTC”) is the agency charged with regulating the commodities and related futures, options, and derivatives markets. Better Markets advocates for strong guardrails through the rulemaking process, monitors the CFTC’s enforcement program, and defends against the industry’s attacks on the CFTC’s authority.
For media inquiries, please contact press@bettermarkets.org or 202-618-6433.
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please contact press@bettermarkets.org or 202-618-6433.
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