Statement Before the Financial Stability Oversight Council

CFTC Testimony

March 17, 2011

CFTC Chairman Gary Gensler states his support for the notice of proposed rulemaking on the Authority to Designate Financial Market Utilities as Systemically Important, noting that "it is an important step in fulfilling the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act to ensure that there is robust oversight and risk management of financial market utilities, including clearinghouses."

Cross References

Dodd-Frank Act, Title VII