Statement of Chairman Gary Gensler before the Financial Stability Oversight Council

CFTC Chairman Gary Gensler provided the statement linked below in support of the Financial Stability Oversight Council’s (“FSOC”) annual report and recommendations. In his statement, he asserted the following:

“There are two critical areas . . . in which the CFTC must complete reforms.

First, it is a priority to finish rules to promote pre-trade transparency, including those for swap execution facilities and the block rule for swaps.

Second, it’s a priority that the Commission, working with domestic and international regulators, complete guidance on the cross-border application of swaps market reform.”

Click here to view statement in full (links externally to CFTC website).