Gary Gensler

The Commodity Futures Trading Commission (CFTC) today announced the appointment of Tony Thompson to serve as the agency’s executive director.  Mr. Thompson is the Deputy Administrator for the Office of Management at the U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS).  Mr. Thompson will replace Madge Bolinger Gazzola, who recently retired after almost 35 years at the CFTC.

Lucas & Conaway identify specific actions agency can do to make it more transparent

Reps. Frank Lucas (R- OK) and K. Michael Conaway (R-TX) sent a letter to Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC) on Friday providing specific recommendations for improving the implementation process for Title VII of Dodd-Frank, as the CFTC shifts from proposed rules to final rules.

Chairman Gary Gensler

Good afternoon Chairwoman Bowles and members of the Economic and Monetary Affairs Committee. I thank you for inviting me to speak today on regulatory reform of over-the-counter (OTC) derivatives, or swaps. I am honored that this is the second time that you have asked me to appear before you, but as it goes, it is once again when my daughters are home on spring break. As I did last year, I would like to introduce my two daughters, Lee and Isabel.

Chairman Gary Gensler

I support the notice of proposed rulemaking on the Authority to Designate Financial Market Utilities as Systemically Important. It is an important step in fulfilling the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act to ensure that there is robust oversight and risk management of financial market utilities, including clearinghouses.

Statements for the record on each rule:

Disruptive Trading Practices Interpretive Order

Chairman Gary Gensler

Good morning Chairman Johnson, Ranking Member Shelby and members of the Committee. I thank you for inviting me to today’s hearing on implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act. I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation.

Good morning Chairman Bachus, Ranking Member Frank and members of the Committee. I thank you for inviting me to today’s hearing on implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act. I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). I also thank my fellow Commissioners for their hard work and commitment on implementing the legislation.

Good morning Chairman Lucas, Ranking Member Peterson and members of the Committee. I thank you for inviting me to today’s hearing on implementing the Wall Street Reform and Consumer Protection Act. I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). I also thank my fellow Commissioners for their hard work and commitment on implementing the legislation.

Chairman Gary Gensler

Good afternoon. Thank you Commissioner O’Malia for chairing today’s meeting of the Technology Advisory Committee. I also thank Commissioner O’Malia and my fellow Commissioners, as well as the dedicated staff of the Commodity Futures Trading Commission (CFTC) for their hard work to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Statements for the record on each rule:

Orderly Liquidation Termination Provision in Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants