Exchanges and Futures Industry Association (FIA) submitted
comment letters to Commodity Futures Trading Commission (CFTC)
last week taking opposing views regarding new rules on
oversight of self-regulatory organisations (SROs).
CFTC has been examining SROs for months to determine what,
if anything, it should do differently regarding exchanges that
have their own regulatory oversight authority.
In his letter to Commodity Futures Trading Commission, FIA
president John Damgard asserted that "recent developments in
the futures markets, such as the demutualisation of SROs,
competition among organised exchanges and the move to
for-profit structures, as well as the development of competing
dealer markets for over-the-counter derivatives products,
warrant the commission's careful re-examination of SRO
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.