Futures Industry Association Responds To The U.S. Treasury’s “Blueprint For Regulatory Reform”

The today issued the following statement regarding the U.S. Treasury Department’s proposed “blueprint for regulatory reform.”

The FIA commends the Treasury Department for taking a comprehensive look at the U.S. regulatory system and for recognizing the many benefits of the regulatory system that now applies to U.S. futures markets administered by the Commodity Futures Trading Commission. The FIA has long agreed with Treasury’s view that modern market realities compel the CFTC and the Securities and Exchange Commission to enhance their coordination and cooperation efforts. The Memorandum of Understanding recently entered into by the two agencies also reflects this view and the leadership of both agencies should be commended for their efforts. In the longer term, FIA stands ready to work with all interested parties on the many important issues raised by this proposal in order to develop constructive solutions that benefit our customers and the financial integrity of our markets.