Risk 25 firms of the future: CFTC

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Gary Gensler, CFTC

After Barclays agreed to pay the US Commodity Futures Trading Commission (CFTC) $200 million on June 27, to settle a regulatory investigation into Libor manipulation, one BBC article described the derivatives market as the Wild West and the agency’s chairman, Gary Gensler, as the sheriff. If dealers could be persuaded to accept the Wild West analogy, they may have argued Gensler is more like the ornery mule that runs off with everyone’s dinner strapped to its back – since the agency issued its

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