End-users rely on derivatives to reduce risk, bring certainty and stability to our business, and ultimately to benefit our customers.
We have heard that some regulations may impose significant costs that aren't being accounted for by the CFTC.
ABA appreciates the efforts of this Committee to ensure that implementation of the derivatives title of the Dodd-Frank Act agrees with the i...
We did not contribute to the financial crisis and we don't pose a threat to the financial system.
We have heard confusion about the order of regulations being proposed and concern about the scope of the regulatory definitions.
This is the seventh hearing we have had regarding Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
So today we will consider seven legislative proposals aimed at fixing some important areas in implementation where the regulators, my friend...
They are aimed at ensuring that the regulators don't implement rules that conflict with, or are contrary, to what Congress intended.
Ensuring that Congressional intent is followed by the CFTC is critically important to the entire end-user community.
If legislation is not passed to clarify the statute's intent, end-users risk being caught up in the unintended consequences of the Dodd-Fran...
I hope that this hearing guides Mr. Gensler and his colleagues towards a balanced approach to the regulation.