Testimony of CFTC Chairman Genlser Chairman Gensler recites his standard speech declaring that because three years ago the "the financial system failed, and the financial regulatory system failed as well," Dodd-Frank reform and greater CFTC resources are necessary. The testimony also outlines the agency's phased-in implementation of the Act.
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Testimony of CFTC Chairman Gensler The chairman's testimony discusses the changing nature of derivatives markets and reviews the CFTC's recently enacted final rule on position limits. Genlser's case for strict limits is based on his view that most trading in energy is by speculators and day traders. Analysis by Cadwalder : Position Limits Rumors Become Reality: CFTC Adopts Final Position Limits Rule Under Dodd-Frank. For more information about this document, you may contact one of the following Cadwalader attorneys: Paul J. Pantano , Jr.; Athena Eastwood; Jonathan Flynn Cross References: Dodd
Testimony Before the U.S. Senate Committee on Banking, Housing and Urban Affairs July 21, 2011 The CFTC chairman testifies on the financial crisis, the role of derivatives markets in contributing to that crisis, the virtues of the Dodd-Frank Act, and the CFTC's implementation of the Act. Cross References Dodd-Frank Act, Title VII
CFTC Testimony May 12, 2011 Chairman Gensler discusses the implementation of Dodd-Frank, including lowering risk through central clearing. Cross References Dodd-Frank Act, Title VII
CFTC Testimony April 14, 2011 In congressional testimony, CFTC Chairman Gary Gensler discusses his views with respect to issues related to the Financial Stability Oversight Council, reiterating his long-held view that the financial system should allow people to hedge their risk "without concentrating risk in the hands of only a few financial firms." Cross References Dodd-Frank Act, Title VII