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CFTC Hires Cost Benefit Analysis Staff

 

At a recent open meeting of the CFTC, CFTC Chairman Gary Gensler announced that a staffer from the Office of Information and Regulatory Affairs was going to assist the CFTC staff with the cost benefit analysis for the joint rule SEC/CFTC rule regarding the definition of “swap.”  In his remarks, Chairman Gensler stated:

In considering the costs and benefits of financial reform, I believe the Commission should take into account the overall benefits to the American public and market participants of increased transparency, lower risk and help to protect against another crisis.

The full text of Chairman Gensler’s remarks is available at http://www.cftc.gov/PressRoom/SpeechesTestimony/genslerstatement051012.