40% of the budget increase will be allocated to technology investments.
Timothy Massad, chair
of the Commodity Futures Trading Commission (CFTC), has said
the commission’s resources are stretched far to
thinly to meet its expanded remit and has called on congress to
back President Obama’s 2016 budget
In a testimony
delivered to the US House Appropriations Committee on
Wednesday, Massad said: "Our current FY 2015 budget provides an
increase of $35 million over the previous year. Even with this
increase, however, the CFTC’s budget is not at a
level that is commensurate with the responsibilities Congress
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.