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FIA Chief Sees Industry Entering 'A Time Of Regulatory Pragmatism' 

April 2, 2014
Debbie Carlson, Forbes

As the Commodity Futures Trading Commission awaits the confirmation of a new agency head and two more commissioners, it’s likely the futures industry will be entering “a time of regulatory pragmatism,” said the chief of the main futures industry lobbying group on Wednesday.

With the rules related to the Dodd-Frank act finalized, the regulatory body for the futures industry will likely spend more of its time correcting and tweaking those rules, said Walter Lukken, president and chief executive officer of the Futures Industry Association, at a speech in Chicago.

The Dodd-Frank act gave the agency oversight of more derivatives trade, but the agency has not seen a major increase in its budget. Lukken said it’s likely the CFTC will have to rely on other entities such as self-regulatory organizations and regulatory agencies in other countries to help them police trading.
 
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