Gensler Agrees Regulators Should Determine Clearing

06 Nov 2009

Gary Gensler, chairman of the Commodity Futures Trading Commission, has had a change of heart and now agrees that his agency and the Securities and Exchange Commission—not exchanges—should jointly determine which derivatives trades are clearable.

Gary Gensler, chairman of the Commodity Futures Trading Commission, has had a change of heart and now agrees that his agency and the Securities and Exchange Commission—not exchanges—should jointly determine which derivatives trades are clearable. Gensler had originally objected to the CFTC having that authority, saying it would ...

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