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).