CFTC Chairman Gary Gensler's Keynote Address on Dodd-Frank Swaps Market Reform at the Sandler O’Neill Global Exchange Brokerage Conference

In Thursday’s keynote address, Chairman Gary Gensler elaborated upon the CFTC's efforts to implement swaps market reforms. His comments covered:

1) how transparency will create a more functional and liquid market;

2) the benefits of increasing the use of central clearing;

3) the requirement of swap dealers to #8220;provisionally register,#8221; after the Commission finalizes the definitions of #8220;swap#8221; and #8220;securities-based swap";

4) the importance of including overseas branches and affiliates in the reforms;

5) the recent reduction of funding to the CFTC.

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