“Financial Institutions in the New Regulatory Environment: Opportunities Constraints and Global Challenges” (Speech by CFTC Chairman Gensler)

Remarks of CFTC Chairman Gary Gensler Before the Georgetown University Conference

In his speech reviewing the agency's implementation of Dodd-Frank, CFTC Chairman Gary Gensler repeats his theme that "it is evident that unregulated derivatives, called swaps, heightened risk on Wall Street and played a central role in the financial crisis." He warns that "a year after the Dodd-Frank reforms became law, there are those who might like to roll them back and put us back in the regulatory environment that led to the crisis three years ago," and calls for the agency to be "adequately resourced to ensure the new swaps market rules will be strictly enforced."