Futures Industry Association Responds To The Treasury’s Proposed Legislation For The Regulation Of OTC Derivatives

The Futures Industry Association today issued the following statement in response to the transmission by the U.S. Treasury Department of legislative language to the Congress for the regulation of over-the-counter derivatives.

We are studying the proposed legislation and its implications for the regulated futures markets. The legislation proposes major changes to the rules related to U.S. and global futures trading. We look forward to working with the administration and the Congress to ensure that the legislation allows futures markets to serve their price discovery and risk management purposes through liquid, fair and financially secure trading.