CFTC chairman delivers a valedictory speech in which he details the regulator’s achievements since 2008
CFTC chairman Gary Gensler, just months short of his
retirement, delivered a valedictory speech this week in which
he detailed the regulator’s achievements over the
past five years writes David Wigan.
However, in the rush to create a legacy the outgoing
chairman has left some market participants scratching their
In the five years since the financial crisis the swaps
regulator has taken huge strides in moving OTC derivatives
trading into the spotlight, with new rules surrounding trading,
clearing and reporting.
Five years ago, Gensler said, there was no reporting of
swaps to the public or to regulators and the market was largely
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