Rep. Conaway scrutinizes CFTC's cost-benefit analysis

03/15/2012 | Risk.net (subscription required)

Rep. K. Michael Conaway, R-Texas, voiced concern about the Commodity Futures Trading Commission's approach to cost-benefit analysis when writing rules for the Dodd-Frank Act. Conaway said the agency has underestimated the cost that the derivatives market will face. "For the past year, I have approached, cajoled and begged the CFTC to do a better job of estimating the costs and benefits of each rule it proposes," Conaway said.

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