CFTC Chairman Gensler's remarks to the Natural Gas Roundtable Luncheon

CFTC Chairman Gary Gensler delivered remarks at the Natural Gas Roundtable Luncheon earlier today. He summarized the current regulatory reform proposals pending in the U.S. House of Representatives by saying the following:

Both of the committees’ bills include three important elements of regulatory reform: First, they require swap dealers and major swap participants to register and come under comprehensive regulation. This includes capital standards, margin requirements, business conduct standards and recordkeeping and reporting requirements. Second, the bills require that dealers and major swap participants bring their clearable swaps into central clearinghouses. Third, they require dealers and major swap participants to use transparent trading venues for their clearable swaps and provide the CFTC with authority to impose position limits in the OTC derivatives markets.

The full text of his remarks is available at: http://www.cftc.gov/ucm/groups/public/@newsroom/documents/speechandtestimony/opagensler-16.pdf