CFTC’s Mersinger wants new rules for vertical silos
Republican commissioner shares Democrats’ concerns about combined FCMs and clearing houses
A change of administration in the White House on November 5 could result in a change of direction at the US Commodity Futures Trading Commission, but on one vexed issue it appears there may be an emerging bipartisan consensus. Whoever runs the CFTC, Republican commissioner Summer Mersinger thinks the agency should prioritise rulemaking that responds to changes in derivatives market structure.
“We need to undertake conflicts of interest rulemaking related to what we are calling vertically
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