The money network:

The money network:

Why crowdfunding threatens traditional bank lending

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

Friday, September 24, 2010

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Interview with Gary Gensler, CFTC, on regulating the OTC derivatives markets: Watch video


Gary Gensler and the agency he runs, the Commodity Futures Trading Commission (CFTC), is set to become one of the most powerful financial markets regulators in the world. Hear Gensler in his own words on how he is shaping the future of the banking industry, and responding to criticisms of his approach. Watch his interview with Euromoney's markets editor Hamish Risk and decide for yourself: Is Gensler the most dangerous man in finance?



The Dodd-Frank bill, signed into law in the US in July, gives them the clear mandate to rein in the $615 trillion dollar OTC derivatives markets. This is a market that allows companies and financial institutions to hedge their financial markets risk, but it’s been accused of helping cause the financial crisis. 

Euromoney’s Hamish Risk recently spoke with Gensler to discuss the CFTC’s new role in regulating the OTC derivatives market. Here’s what he had to say.

Gary Gensler video interview:
 



Gary Gensler comments on 
 

  - the objectives of derivative regulation Article VII Dodd Frank


  - why the CFTC is best placed to reform the derivatives markets 


  - the importance of global co-ordination of regulation 


  - why clearing houses are best equipped to reduce counterparty risk 


  - what qualifies as a swap execution facility











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