We think that is very important, and we think that was Congress' intent to make sure that U.S. banks somehow, you know, did not have the same treatment.

We have been working very closely with farmer cooperatives.

It is a risk because risk and money know no geographic boundaries or borders.

We at the agency are committed to do that, and it is also in our statute.

I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC).

I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation.

No, unless it is going to break the law.

the end users wouldn't benefit from any transparency.

In the United States, hundreds of billions of taxpayer dollars were put on the line to bail out the financial system.

It seems to me that one of the great accomplishments of Dodd-Frank was to pull derivatives trading out of the shadows and into the sunlight.

We were intentional in not asking for flexibility for swap dealers.

Am I correct that you require a swap execution facility to include a central trading screen where everyone can see everyone else's prices?