Derivatives Regs Have to Work for Both Consumers and Businesses

Derivatives Regs Have to Work for Both Consumers and Businesses

Ag chair wants effective oversight of regulations.

According to Senate Ag Committee Chair Debbie Stabenow derivatives market regulations must work for consumers and businesses. Speaking during a Committee oversight hearing Stabenow highlighted the benefits of effective oversight but also warned of regulators overreaching and moving too quickly. She said the SEC and CFTC must follow Congressional intent and protect end-users from burdensome margin requirements. While Stabenow says the new accountability and transparency is in the public interest, she says the most important thing is to do it right, not do it quickly.

Stabenow said farmers, manufacturers and American businesses rely on a strong derivatives market for risk protection, which provides companies with the certainty to grow and create jobs. She also emphasized that the CFTC and SEC must be given the tools they need to effectively oversee the markets.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish