Gensler calls for tighter regulation of dealers

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Speaking to the Council on Foreign Relations in New York today, Gensler said there was “a very real consensus” that reform is needed in the derivatives market to prevent another financial crisis in the future. He said while the bill passed by the House of Representatives in December to tackle OTC derivatives regulation did not include everything the CFTC had hoped, it was still a strong bill.

Outlining the need for comprehensive reform of OTC derivatives, Gensler said: “Leading up to the financi

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