Sommers criticizes CFTC's approach to Dodd-Frank rules

02/27/2013 | Risk.net (subscription required)

Jill Sommers, a member of the Commodity Futures Trading Commission, says she supports increasing transparency of the over-the-counter derivatives market, the central goal of the Dodd-Frank Act, but she thinks the CFTC's overly prescriptive approach to rule writing was a mistake. Sommers has said she will resign from the CFTC at the end of March.

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