CFTC Chairman Gary Gensler's Statement Regarding Public Roundtable to Discuss the Proposed Volcker Rule

In his opening remarks, CFTC Chairman Gary Gensler outlined several issues to be addressed during today's roundtable discussion of the proposed Volcker Rule, including:

• How to best allow banks to engage in risk-mitigating hedging without disturbing Congress' intent to limit the risks of proprietary trading;
• Whether certain strategies that involve hedging the risk of aggregated positions create the potential for abuse of the hedging exemption;
• How the prohibition on proprietary trading should best be applied to banking entities transacting in futures and swaps; and
• If the proposed exemption of market making is overly broad or narrow, and if it encompasses activity that should be considered proprietary trading under the proposed rule.

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