CFTC Chairman Gensler Cites Adam Smith in Defense of Dodd-Frank

At the 5th Annual Financial Regulatory Reform Symposium at George Washington University, CFTC Chairman Gary Gensler delivered a keynote address on swaps market reform (see links below for similar previous speeches).

Lofchie Comment:  According to Chairman Gensler’s speech delivered at George Washington University, Dodd-Frank is consistent with the economic “invisible hand” idea espoused by Adam Smith, embodies principles of common sense and encourages innovation. The speech is not primarily intended for those of us who have actually tried to work with the 2,000 pages of statute and 200,000 pages of rules. 

See:  Chairman Gensler’s Speech.
See also:  CFTC Chairman Gensler Delivers Speech (October 30, 2013); CFTC Chairman Gensler Speaks on Swaps Market Reform (October 23, 2013).