Buy Online Viagra
While politicians in the House of Representatives bargain away real reform in exchange for Wall Street campaign contributions and while other regulators and officials within the Obama administration continue to mumble a few mantras about reform buy online viagra, there is one regulator in DC who seems truly committed to reforming derivatives regulation and that is none other than Goldman Sachs alumni Gary Gensler, current head of the Commodities Futures Trading Commission.
We remarked in an earlier post about Gensler’s damascus road conversion and his commitment to actually reforming the current broken system. Now unlike anyone else in Washington, Gensler seems to be everywhere pushing and prodding the politicians and his fellow regulators to actually do something. Given his financial acumen and market experience he represents the most formidable regulator Wall Street has seen in at least the last 10 years.
Here are some examples of Gary Gensler’s full-court press:
Hedge funds and financial firms shouldn’t be allowed to sidestep potential new laws governing the $592 trillion over-the-counter derivatives market, Gary Gensler, chairman of the Commodity Futures Trading Commission said today in Chicago.
Any exemptions for so-called end-users should be “very narrowly defined” to include only nonfinancial institutions, Gensler said….
“ Buy online viagra: some may accuse us of overreacting and overreaching,” Gensler told traders, brokers and exchange officials gathered at the Futures Industry Association’s Futures & Options Expo.“But the worst financial crisis in 80 years demands the most comprehensive regulatory reform in generations.”
- Hedge Funds Shouldn’t Get Exemptions buy online viagra, Gensler Says (Update1)
- Asjylyn Loder and Matt Leising
- Bloomberg
- October 21, 2009
Derivatives reform should include a requirement to move all over-the-counter derivatives to regulated exchanges or trade-execution facilities, even if they are considered bespoke and excluded from central clearing, says Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC).
“I believe we can separate the debate of a corporate end-user clearing exemption from whether there should be an end-user exemption from transparency requirements,” Gensler remarked at the Futures Industry Association’s annual expo in Chicago.” Buy online viagra: transactions between swap dealers and end users, even if end users are exempt from margin requirements, should still be traded on exchanges or swap-execution facilities,” he said.
- Bespoke trades should go to exchanges, says Gensler
- Mark Pengelly
- Risk magazine
- October 22, 2009
On top of that he is making his case directly to the Futures Industry and the D.C.Bar:
Remarks of Chairman Gary Gensler, OTC Derivatives Regulation, George Washington University Law School Symposium, October 23, 2009
; buy online viagra