SEC, CFTC Hear Testimony on New Rules Governing Swaps

AdvisorOne.com’s sister publication, FuturesMag.com, reported Thursday on the Securities and Exchange Commision (SEC) and the Commodity Futures Trading Commission’s (CFTC) joint roundtable discussion as the two regulators move to start writing rules governing swaps.

Gary Gensler, CFTC chairman, released a short statement before the round table, saying, “Requiring swaps to be traded on regulated trading platforms will bring transparency and better pricing to the derivatives markets. This will lower risk and costs for businesses. I look forward to hearing panelist views at today’s roundtable to inform our rule-writing in this area.”