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CME Group Issues Statement on Wall Street Reform
Posted: 07/21/10
By: tomgrisafi
CME Group issued the following statement on signage of the Dodd-Frank Wall Street Reform and Consumer Protection Act into law by President Obama:
"We applaud the hard work and dedication of the Administration and Congress in crafting this historic piece of legislation to strengthen U.S. financial markets and reduce systemic risk.
The Dodd-Frank Act reinforces the core tenets of CME Group's markets: price transparency, liquid markets with low transactions costs, market integrity, customer protection, and safety and soundness in central counterparty clearing services.
We look forward to working with our customers and other market participants, as well as regulators to ensure that new rules implementing the Act serve the public interest, foster competition and innovation and do not place the U.S. financial services sector at a competitive disadvantage in our rapidly globalizing financial markets."
Source: CME Group
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Guest
Posted: 07/26/10
After the flash crash its great to see these financial regulations being set up to make sure that it never happens again.