Gary Gensler: “I believe that the entire over-the-counter derivatives marketplace, we…”

On the recordFebruary 24, 2009

I believe that the entire over-the-counter derivatives marketplace, we need to bring those standardized products onto centralized clearing.

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Democratic · District of Columbia

Source

Gensler advocates for centralized clearing of standardized derivatives to reduce risk and increase transparency.

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I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.

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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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It is rife with fraud, scams, and abuse.

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Gary Gensler: “I believe that the entire over-the-counter derivatives marketplace, we need to bring those standardized products onto…”