CFTC to open risk management office
The Commodity Futures Trading Commission (CFTC) will use funding under the Obama Administration’s new budget to create two offices focusing on risk management.
The proposals to create a Planning Office and a Risk Management Office are moving forward, according to a CFTC spokesperson. They will be funded by the Obama Administration's proposed 2011 budget, which includes a 28% boost in funding to $216 million for the CFTC. An additional $45 million would go to CFTC if Congress passes legislation to overhaul US financial regulation.
"The primary functions of the Risk Management Office would be to develop and co-ordinate a CFTC-wide risk management
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