Oversight of the Commodity Futures Trading Commission

Date

Wednesday, February 27, 2013

Time

02:30 PM

Location

328A Russell Senate Office Building

The financial crisis of 2008 nearly brought down the global economy and highlighted just how integral derivatives are to the world’s financial markets.  That crisis underscored the importance of enforcing common sense rules in financial markets – so that the farmers, small businesses, consumers, manufacturing companies, and major global financial institutions that use these markets are protected and have confidence in the markets’ integrity.  Congress passed the Wall Street Reform and Consumer Protection Act in response to this crisis.  This hearing will oversee the CFTC’s progress in implementing Wall Street reform and examine the agency’s work in the coming year.  It will also consider the collapse of MF Global and look at the agency’s efforts to protect both customers and the integrity of the markets.  Chairman Gary Gensler of the CFTC will be the hearing witness.