Political Quotes

Gary Gensler: “Comprehensive regulation of the over-the-counter derivatives market, I believe, will require two complementary regimes.”

On the recordSeptember 16, 2009
Comprehensive regulation of the over-the-counter derivatives market, I believe, will require two complementary regimes.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler outlines the need for dual regulatory approaches for derivatives.

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The CFTC, I love, it is a great agency, but it was set up to do the derivatives.

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The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.

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