Remarks Of CFTC Chairman Gary Gensler On Over-the-Counter Derivatives Reform To The American Cotton Shippers Association

Good morning. I thank the American Cotton Shippers Association for inviting me to speak this morning. We have reached a critical moment in our effort to bring comprehensive regulatory reform to the over-the-counter derivatives marketplace. This marketplace was at the center of the 2008 financial crisis. It is essential that we work to lower risk and increase transparency in the OTC marketplace to protect the American public and lower the risk of a future taxpayer-funded bailout.

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