A smooth start to Senate process for CFTC nominees; questions on position limits

摘要

A Senate panel’s consideration of two Obama administration nomineesrnto the Commodity Futures Trading Commission got off to a smoothrnstart last week, as a hearing Thursday maintained a congenial tonerneven as senators pressed nominees on often contentious policyrnmatters. Questioning touched on impacts of CFTC rules on derivativesrnend users, particularly farmers, as well as on position limits,rncrossborder harmonization and funding for the agency.