The Great Regulatory Holdup

摘要

When Congress overhauled the finan-cial regulation system last year, it handed the U.S. Commodity Futures Trading Commission the tough task of polic-ing the bulk of the derivatives business. Then lawmakers refused to give the tiny agency extra money to hire staff or up-grade its computer systems. The CFTC has been limping along on the same $169 million budget it had before its portfolio ballooned to include nearly $300 trillion in U.S. derivatives trades.