CFTC Commissioner Blasts Agency on Swap Regs

08 Mar 2011

Jill Sommers, a commissioner of the U.S. Commodity Futures Trading Commission, has criticized her agency for being “out of step” with other regulators regarding rules being developed for credit default swaps.

Jill Sommers, a commissioner of the U.S. Commodity Futures Trading Commission, has criticized her agency for being “out of step” with other regulators regarding rules being developed for credit default swaps. In a speech to bankers, Sommers said she supports a “more flexible approach” to the rules that ...

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