CFTC Chairman Recommends New Regulatory Bodies

Commodity Futures Trading Commission Chairman Gary Gensler recommends two new "regimes" to regulate the financial market and oversee derivatives. (0:24).
Listen

Guy Caruso says EIA has lead role when concerning energy data

Guy Caruso, Administrator for the Energy Information Administration (EIA), says that the EIA has the lead role in collecting and analyzing data concerning physical energy markets. However, the EIA there are important needs for improvement. Caruso explains that EIA is actively supporting efforts by the Commodity Futures Trading Commission (CFTC) to improve data on energy related financial derivatives. (1:09)
Listen

CFTC says its overworked and understaffed

Acting Chairman Walter Lukken of the Commodity Futures Trading Commission (CFTC) says that the volume on futures exchanges has increased 8,000 percent since the CFTC began to function 33 years ago while staffing levels have decreased by 12 percent and that additional staffing is necessary to implement new initiatives. (0:56)

Listen

CFTC welcomes contradictory information

Rep. Tim Holden (R-Pa.) asks Acting Chairman Walter Lukken of the Commodity Futures Trading Commission (CFTC) if the CFTC has analyzed claims concerning what percentage of oil prices are due to speculation. Lukken responds that the CFTC’s economic staff does not know which economic models are being used in these studies and that nobody at the CFTC has found information supports these statements. (0:48)
Listen