CFTC Chairman Details Derivatives Plan

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CFTC Chairman Details Derivatives Plan

Jun 4th, 2009 - Wall Street Journal

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WASHINGTON -- The head of the federal commodities regulator laid out his vision for how the Obama derivatives regulatory plan should be implemented Thursday, telling lawmakers that any new laws must cover every dealer and every type of derivative.

In prepared testimony before the Senate Agriculture Committee, Commodity Futures Trading Commission Chairman Gary Gensler recommended amending the Commodity Exchange Act to require all derivatives dealers for the first time to register with regulators.

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