CFTC Commissioner Chilton Calls for Benchmark Investigations

CFTC Commissioner Bart Chilton called for the systematic review of all major financial benchmarks during a statement he made before the International Roundtable on Financial Benchmarks on February 26, 2013. He expressed the need for a “governmental, quasi-governmental or not-for-profit” oversight of all the major marks used by the industry.  He specifically referred to the LIBOR, energy swaps, gold and silver fixes in London, and the “whole litany of bors.”  He went on to say that “every single [bench]mark needs to be reviewed, and potentially investigated.”

View Statement in full here (links externally to CFTC website).
Link to corresponding news item as the statement of CFTC Chairman Gensler: here.

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