Remarks Of CFTC Chairman Gary Gensler, Over-The-Counter Derivatives Reform, Association For Financial Professionals', Global Corporate Treasurers Forum, Washington, D.C.
by 18 May 22:08
Good morning. I thank the Association for Financial Professionals for inviting me to speak this morning on financial regulatory reform and, in particular, the efforts 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.