CFTC's Chilton takes aim at industry lawsuits against regulators

03/8/2012 | Bloomberg · CNBC

Bart Chilton, a member of the Commodity Futures Trading Commission, said Wall Street banks have "virtually paralyzed" some regulators by threatening to sue. Regulators are concerned that they will face lawsuits alleging that they haven't done adequate cost-benefit analysis on new rules, he said. "It is a bastardization of the conduct and use of cost-benefit analyses in regulatory rule making," Chilton said at a TradeTech conference.

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Bloomberg · CNBC

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