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CFTC’s Massad Sees ‘Progress’ On Global Derivatives Rules 

October 20, 2014
Andrew Ackerman, Wall Street Journal

European policy makers are far behind their U.S. counterparts in setting up postcrisis regulations for the multitrillion-dollar derivatives industry but Timothy Massad, the top U.S. overseer of swaps, said a coordinated system will ultimately emerge.

Mr. Massad, four months into his tenure as head of the Commodity Futures Trading Commission, said in a speech Thursday that regulators are making progress in establishing a coordinated system for the regulation of derivatives across borders, though he acknowledged global rules won’t be completed quickly.

“There will inevitably be differences, but I regard this as a glass hall full, not half empty,” Mr. Massad said at a hedge-fund conference sponsored by the Managed Funds Association in New York. “We are making progress, but it will take time.”

Read more: Wall Street Journal

 
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