Financial Regulation and the CFTC - Gary Gensler's Public Address

Explore financial regulation with Gary Gensler, chairman of the US Commodity Futures Trading Commission, in this 2013 Annual Glauber Lecture. Gain insights into the expanding roles of the commission, its recent achievements, and the challenges of regulating growing markets with limited resources. Learn from Gensler's personal experiences transitioning from the private to public sector and his inspection of Long Term Capital Management. Delve into topics such as trading transparency, central clearing, mandatory clearing, activity regulation, international coordination, and the impact of the Dodd-Frank Act. Understand the importance of benchmarks, LIBOR, and reference rates in financial markets. Discover the commission's enforcement tools, including fines and legally-binding undertakings. Hear Gensler's advice for graduates and his perspective on the balance of powers in financial regulation. Engage with the lively audience discussion moderated by Robert Glauber of Harvard Kennedy School, covering issues from transaction taxes to organizational structure and main macro problems facing the financial industry.