Tag: MF Global

CFTC’s Gensler Testifies on Increased Transparency

The fallout from Peregrine Financial Group continues as US Commodity Futures Trading Commission (CFTC) chairman Gary Gensler testifies before the US Senate Committee on Agriculture this morning, where he identified the regulator’s plan to improve the protection futures commission merchant (FCM) client funds. According to his published statement, available on the regulator’s¬†website, the CFTC approved…

CFTC Chilton Suggests Post-MF Global Fixes

During his morning keynote at this week’s TradeTech conference in Manhattan, US Commodity Futures Trading Commission (CFTC) proposed a few market and regulation changes that will reduce the damage from firm failures and avoid another MF Global. “First, we have to do a deeper dive in terms of regulation. We have to have to do…