CME Group's Terry Duffy To Testify At House Agriculture Subcommittee Hearing On Impact Of G-20 Clearing & Trading Execution Requirements

CME Group Executive Chairman and President Terry Duffy will appear before a hearing of the U.S. House Agriculture Committee's Subcommittee on Commodity Exchanges, Energy & Credit today to testify about the global implementation of G-20 Clearing and Trading Execution Requirements and their impact on derivatives markets.

"Central clearing is a critical component of the G-20 commitments, which were meant to create a global regulatory framework," said Duffy. "Central clearing increases transparency, reduces systemic risk, and strengthens the financial system. Global regulators should implement long-term solutions for global markets to avoid uncertainty and disruption in an increasingly competitive global marketplace."

The hearing is scheduled for 10 a.m. ET in Room 1300 of the Longworth House Office Building in Washington, D.C. Duffy's testimony will be available on www.cmegroup.com at that time.