SEC-CFTC Courtship Continues
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are taking their courtship public.
The regulatory agencies will hold joint meetings to seek input from the public on “harmonization of market regulation.”
The first meeting, slated for Sept. 2, will be hosted by the CFTC. The second meeting, Sept. 3, will move to the SEC’s house. Here is the invitation.
So far, SEC Chair Mary Schapiro and CFTC Chair Gary Gensler sound as if their dating, first suggested by a high-profile matchmaker in the White House, is going well.
Schapiro sounds as if she is more focused on the practical benefits of a union; she prefers to focus on benefits the relationship might bring to the table, including greater transparency and confidence in U.S. markets. For his part, Gensler sounds more interested on the qualitative aspects of the possible marriage, emphasizing the importance of regulatory harmony. ###








