Chairman Gensler Delivers Remarks before the FIA’s 38th Annual International Futures Industry Conference

CFTC Chairman Gary Gensler delivered remarks before the Futures Industry Association's (FIA) 38th Annual International Futures Industry Conference discussing the progress of the swaps market since last year. Main topics discussed include:

• Pre-trade transparency;
• Further implementation of swaps market reform;
• Customer protection;
• Regarding LIBOR, Chairman Gensler highlighted two critical questions: (i) what best alternatives anchored in real transactions are there to LIBOR, Euribor and other similar benchmarks?; (ii) what are the mechanisms and protocols for the financial system and market participants to transition to reliable alternatives?
• Lack of resources within the Commission, including staff and technology.

View remarks in full here (links externally to CFTC website).