Commodity Futures Trading Commission (CFTC) Commissioner Rostin Behnam released the following statement on the Treasury Department’s second report on the Administration’s core principles of financial regulation:
Unregulated, over the counter derivatives played a significant role in the financial crisis. Thoughtful derivatives market reform was a critical first step to ensure that American businesses and workers never experience the losses suffered since 2008.
I look forward to reviewing the Treasury Department’s Capital Markets Report, and working with Chairman Giancarlo and Commissioner Quintenz to consider carefully targeted regulatory adjustments that will support market participants, end-users, and customers by prioritizing safe, transparent derivatives markets.
