Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler in addressing attendees of the Futures Industry Association's (FIA) Expo in Chicago in October urged everyone to remember why it was necessary to have a financial regulatory overhaul. You know, the financial crisis. The reminder was necessary as industry participants are increasingly frustrated with the process and resistant to new rules as Dodd-Frank appears to be missing its target. An undercurrent to the muddle of Dodd-Frank is that with an election year coming, efforts to finalize rules will become that much more difficult.
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