CFTC requests 50% increase in funding for 2013
White House resurrects idea of funding CFTC through fees paid by regulated firms
The Commodity Futures Trading Commission (CFTC) has requested $308 million in funding for the 2013 financial year in the US federal budget – a 50% increase on the $205.3 million it received for 2012. The agency argues it needs extra funding to meet its Dodd-Frank Act responsibilities for supervision of the over-the-counter derivatives market.
Funding at the agency has almost doubled from a pre
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