CFTC chair warns of risks to oversight, markets, if funding capped at FY-22 levels

摘要

US Commodity Futures Trading Commission Chairman RostinBehnam warned that steep budget cuts advocated by someHouse Republicans would undermine his agency’s ability topursue enforcement and surveil the derivatives markets itregulates, creating greater risks of volatility.The chairman testified about the CFTC’s fiscal year 2024budget request for $411 million and 764 full time employees,during a hearing held March 28 by the House AppropriationsSubcommittee on Agriculture, Rural Development, Food and DrugAdministration.