CFTC Shows Flexibility on Forex Rules
The Commodity Futures Trading Commission showed its financial reform hand for the first time in a final rule on retail over-the-counter foreign exchange transactions.
Jeffrey Kutler
September 9, 2010
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Financial Crisis Inquiry Commission hearing on the role of derivatives in the financial crisis in Washington, D.C., U.S., on Thursday, July 1, 2010. Goldman Sachs Group Inc. executives repeated their position that disputes with American International Group Inc. over securities prices and collateral in 2007 and 2008 reflected the firm's typical risk management efforts. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Gary Gensler
Andrew Harrer/Bloomberg
