Senate Ag leaders seek comment on CFTC reauthorization
March 08, 2013 | 05:48 PM
Senate Agriculture Committee Chairman Debbie Stabenow, D-Mich., and ranking member Thad Cochran, R-Miss., today called on the reauthorization of the Commodity Futures Trading Commission, and announced they are seeking comment from stakeholders and the public.
“This year’s reauthorization comes at an important, but challenging time,” the committee leaders said in a news release.
“Domestic regulators like the CFTC continue to implement the Wall Street Reform and Consumer Protection Act and work to harmonize that legislation globally,"they said.
“Also, these markets are evolving rapidly and face extraordinary regulatory and market pressures. The unacceptable failure of companies like MF Global has raised questions about how better to protect customers. These are issues that we are prepared to grapple with in the coming year.”
“This year’s reauthorization comes at an important, but challenging time,” the committee leaders said in a news release.
“Domestic regulators like the CFTC continue to implement the Wall Street Reform and Consumer Protection Act and work to harmonize that legislation globally,"they said.
“Also, these markets are evolving rapidly and face extraordinary regulatory and market pressures. The unacceptable failure of companies like MF Global has raised questions about how better to protect customers. These are issues that we are prepared to grapple with in the coming year.”
