We are concerned and disappointed that the CFTC is using the Dodd-Frank legislation to not only implement a regulatory regime for previously unregulated OTC trading, but as an opportunity to propose unnecessary and extremely prescriptive regulations on already regulated derivative markets.
Gensler criticizes the CFTC for imposing excessive regulations on already regulated markets.
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Actually, sir, we follow the mandate. In 1996, Congress put in our statute that we had to do economic analysis, and we follow that.
The only thing political is protecting the American public, which I think Members of both sides of the aisle will probably agree with.
We have great respect for the courts. I personally have great respect for the courts.
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.
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