Agricultural/Financial correspondent
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Mar 16, 2011

Budget crisis no reason not to fund CFTC: Gensler

WASHINGTON (Reuters) – The chairman of the futures regulator told lawmakers he was sympathetic to lawmakers trying to deal with the budget crisis, but warned it would be a mistake to withhold funding from the agency and potentially put billions of taxpayer dollars at risk.

The Commodity Futures Trading Commission is engaged in the arduous task of writing dozens of regulations to implement the Dodd-Frank law, which was enacted last July and gives the agency oversight of the $600 trillion global swaps market. Most rules have not been finalized.

Mar 16, 2011

House ag chair working to slow CFTC rulemaking

Washington (Reuters) – The U.S. futures regulator needs to tap the brakes on its rush to implement financial reform, the chairman of the House of Representatives Agriculture Committee said on Wednesday, adding he is talking with other lawmakers to make that happen.

The U.S. Commodity Futures Trading Commission is engaged in the arduous task of writing dozens of regulations to implement the Dodd-Frank bill, which was enacted last July and gives the CFTC oversight of the $600 trillion global swaps market.

Mar 3, 2011

Gensler looks to break up Wall St club

WASHINGTON (Reuters) – Gary Gensler, chief regulator of U.S. derivatives markets, is working to break up the Wall Street club where he cut his professional teeth, but concedes it will take some time.

As part of the Commodity Futures Trading Commission’s job to implement 2010′s Dodd-Frank financial reforms, Gensler said that the agency he leads is trying to bring more competition to the highly profitable derivatives market.

Mar 2, 2011

Reuters Summit-UPDATE 1-Gensler looks to break up Wall St club

WASHINGTON, March 2 (Reuters) – Gary Gensler, chief
regulator of U.S. derivatives markets, is working to break up
the Wall Street club where he cut his professional teeth, but
concedes it will take some time.

As part of the Commodity Futures Trading Commission’s job
to implement 2010′s Dodd-Frank financial reforms, Gensler said
that the agency he leads is trying to bring more competition to
the highly profitable derivatives market.

Mar 2, 2011

Reuters Summit-Gensler looks to break up Wall St club

WASHINGTON, March 2 (Reuters) – Gary Gensler, chief
regulator of U.S. derivatives markets, is working to break up
the Wall Street club where he cut his professional teeth, but
concedes it will take some time.

As part of the Commodity Futures Trading Commission’s job
to implement 2010′s Dodd-Frank financial reforms, Gensler said
that the agency he leads is trying to bring more competition to
the highly profitable derivatives market.

Mar 2, 2011

Gensler looks to yank profits from Wall Street roots

WASHINGTON (Reuters) – Gary Gensler, chief regulator of derivatives markets, is working to break up the Wall Street club where he cut his professional teeth, but concedes it will take some time.

As part of the Commodity Futures Trading Commission’s job to implement 2010′s Dodd-Frank financial reforms, Gensler said that the agency he leads is trying to bring more competition to the highly profitable derivatives market.

Mar 2, 2011

Reuters Summit-Gensler looks to yank profits from Wall St roots

WASHINGTON, March 2 (Reuters) – Gary Gensler, chief
regulator of U.S. derivatives markets, is working to break up
the Wall Street club where he cut his professional teeth, but
concedes it will take some time.

As part of the Commodity Futures Trading Commission’s job
to implement 2010′s Dodd-Frank financial reforms, Gensler said
that the agency he leads is trying to bring more competition to
the highly profitable derivatives market.

Mar 1, 2011

U.S. panel seeks checks on runaway algorithmic trade

WASHINGTON (Reuters) – U.S. traders, clearing firms and exchanges could reduce the risk of a runaway computer program roiling markets by using controls, such as kill buttons, an advisory panel to the U.S. futures regulator said on Tuesday.

After the May 6 “flash crash,” where a large trade executed by an algorithm contributed to a sudden 700-point plunge in the Dow Jones industrial average, regulators, including the U.S. Commodity Futures Trading Commission, have been under pressure to step up oversight of the trades.

Feb 24, 2011

U.S. crop boom not enough to rebuild thin supplies

ARLINGTON, Virginia (Reuters) – Huge U.S. corn and soybean plantings this spring will likely fail to refill razor-thin stocks enough to quell the surge in grain prices, the U.S. Agriculture Department said on Thursday.

In updated forecasts for the world’s biggest crop exporter, the USDA warned that it could take several years to restore inventories to comfortable levels. It mostly maintained earlier forecasts on how many acres farmers would sow this spring, but said stocks at the end of the 2012 season would remain tight.

Feb 24, 2011

U.S. crop boom not enough to rebuild supply

ARLINGTON, Virginia (Reuters) – Huge U.S. corn and soybean plantings this spring will likely fail to refill razor-thin stocks enough to quell the surge in grain prices, the U.S. Agriculture Department said on Thursday.

In updated forecasts for the world’s biggest crop exporter, the USDA warned that it could take several years to restore inventories to comfortable levels. It mostly maintained earlier forecasts on how many acres farmers would sow this spring, but said stocks at the end of the 2012 season would remain tight.

    • About Christopher

      "Currently based in Washington, Christopher reports on agriculture in Congress and the U.S. Agriculture Department. He also is actively involved in covering regulatory reform, with a focus on the U.S. Commodity Futures Trading Commission."
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