Political Quotes

Gary Gensler: Congress also should explicitly authorize regulators to require derivatives dealers and counterparties to segregate, or…

On the recordSeptember 16, 2009
Congress also should explicitly authorize regulators to require derivatives dealers and counterparties to segregate, or set aside, from their own funds the margin collected from counterparties.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler advocates for regulations to protect counterparties in derivatives transactions.

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It is rife with fraud, scams, and abuse.

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